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Toyota GRMN Sports Hybrid concept
Wed, 22 Jun 2011Toyota is set to unveil its GRMN Sports Hybrid Concept II at the forth-coming Nürburgring 24-hour endurance race taking place this weekend. GRMN is an abbreviation of 'GAZOO Racing tuned by MN'. Gazoo being the Japanese motorsport specialist that has a loose affinity to Toyota following a collaboration on the iQ city car, whilst MN makes reference to ‘Meister of Nürburgring' or Hiromu Naruse; the Toyota test driver tragically killed behind the wheel of a Lexus LFA last year.
Deuce Coupes and Roadsters to highlight New England auction
Tue, 22 Sep 2009Deuce Coupes and Roadsters will invade New England this Saturday when a collection of nearly 30 iconic 1932 Fords hits the auction block. Bidders can choose from restored and unrestored versions of the Deuces. There are also more than 150 lots of original Ford parts available.
Saab seeks court protection from creditors
Wed, 07 Sep 2011Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.