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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.
Hyundai Unveils New i20 Ahead Of Paris Motor Show Debut
Mon, 11 Aug 2014KOREAN car maker Hyundai has taken the wraps off the latest generation of its i20 compact hatchback. The car, which will receive its public debut at the Paris Motor Show in October, has been designed and developed in Europe. According to its maker, three key attributes underline how it meets the needs of European consumers: class-leading interior space, a host of high-technology and comfort-enhancing features, and distinctive, refined design.
Aston Martin DBS Ultimate revealed
Wed, 09 May 2012Aston Martin DBS Ultimate The Aston Martin DBS Ultimate has been revealed on Aston’s website ahead of any official information on the run-out DBS. We’ve been expecting the Aston Martin DBS Ultimate to emerge from the AML’s PR towers at Gaydon for a week or two now, and it has. But in a slightly odd way.