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The Detroit motor show 2010 review, by Gavin Green
Tue, 12 Jan 2010Motown may not have rediscovered its mojo but at least the car makers formerly known as the Big Three have regained a little bit of their old swagger since the misery of last year’s Detroit show. After all, it’s not every year that two out of three national car makers go bankrupt. The survivor, Ford, unsurprisingly looked the most confident at this year’s show, never mind that its star car was about as hometown as Bauhaus and bratwurst.
Saab gets latest lifeline via $5 million infusion from Chinese company
Tue, 13 Dec 2011Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.
Toyota recalls up to 17,000 Lexus HS 250h models for fuel-leak risk
Sat, 26 Jun 2010Toyota Motor Corp. plans to recall 17,000 Lexus HS 250h vehicles from model year 2010 after discovering excess fuel leakage during government rear-impact crash tests. It is the latest safety setback for the world's largest automaker.