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Saab secures more funds as it seeks to avert collapse
Mon, 27 Jun 2011Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'. Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.
UK drivers disinterested in electric cars
Wed, 02 Jul 2014DRIVERS in the UK are not interested in electric cars, with only 5% stating they would think about buying one, according to new research. A further 14% of drivers say they have considered an electric car but rejected and bought a petrol, diesel or hybrid car instead. More than half (56%) of British drivers said they had not even thought about an electric car as a possible replacement for their existing vehicle.
Watch the Jaguar Project 7 F-Type go up the Goodwood hillcimb
Sat, 13 Jul 2013Jaguar Project 7 F-Type (pictured) tackles the Goodwood FoS hillclimb One of the surprises of the 2013 Goodwood Festival of Speed has been the debut of the Jaguar Project 7 car, an F-Type with the more bountiful 542bhp supercharged V8 and styling stolen from the D-Type. Jaguar are saying Project 7 isn’t heading for production, but we’re pretty sure most of what’s underneath it – principally the 542bhp version of the supercahrged V8 – is in a production F-Type R. Perhaps surprisingly, fitting the 542bhp vresion of the V8 doesn’t seem to have done a lot for the F-Type’s sprint times, with 62mph coming up in 4.1 seconds, just 0.1 seconds quicker than the 495bhp engine in the standard Jaguar F-Type V8.