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Saab: Muller seeking €600 million Chinese Bank loan to placate GM
Thu, 08 Dec 2011Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.
CDN-GM Interactive Design Contest August Update
Wed, 15 Aug 2012It's hard to believe that the summer's almost over already, and with it your chance to win one of five paid internships (including housing) at GM's Warren, MI design studio in the CDN-GM Interactive Design Competition 2012. There has been some very high quality work coming in since June and with 19 days left, there's still plenty of time to put together your design for the next Buick Lacrosse, Cadillac SRX, Chevrolet Camaro, or GMC Terrain. The competition is open to all full-time college or university students from across the US and Canada, and is a fantastic way to make a name for yourself, improve your skills in the "off-season", and get a head start on your career. The judges and mentors are participating heavily in the comments, so remember to show as much work as possible, from inspiration and mood boards to thumbnail and ideation sketches, in order to get the best feedback for your final design.
Hennessey Performance CTS-V wagon breaks its own record at the Texas Mile
Tue, 25 Oct 2011Everything's bigger in Texas, and it appears everything's faster, too. John Hennessey and his company, Hennessey Performance, brought its tuned-up, 707-hp Cadillac CTS-V wagon--a.k.a., the Hammer Wagon--to the Texas Mile and posted a one-mile speed of 189.7 mph, a new record for the car. And that wasn't even terminal velocity, according to Hennessey.