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News watch November 2011: today's auto industry news
Tue, 29 Nov 2011Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 29 November 2011• Saab's UK division today filed for administration as it waits for funding from its would-be Chinese investors (Automotive News Europe) • In a statement, Saab GB said: 'Saab Great Britain Ltd filed for administration with the High Court in London... The board of Saab GB is of the opinion that administration gives the company and creditors the necessary legal protection until the required funding for the company has been secured'• Frantic negotiations continue between Saab owner Swedish Automobile and its Chinese suitors, Youngman and Pang Da, which signed an MOU to buy Saab for €100 million.
Coda to price electric compact sedan at $44,900
Wed, 22 Sep 2010Coda Automotive Inc. will begin delivering the first of its electric compact sedans in December priced at $44,900 before federal and state incentives. With federal incentives, the starting price will be $37,400, and with California state incentives, the price could be as low as $32,400.
Lotus boss Dany Bahar ousted
Sat, 26 May 2012Dany Bahar, Lotus boss, suspended from his job Controversial Lotus boss Dany Bahar has been suspended from Lotus pending an enquiry in to his conduct. Since ex-Ferrari man Dany Bahar arrived at Lotus it’s all turned in to a bit of a soap opera. From announcing the creation of six new Lotus cars and plans to turn Lotus in to an East Anglian cross between Ferrari and Aston Martin, to the completely bizarre Lotus PR meltdown rant we saw recently, it’s not been quiet in Hethel since Dany Bahar arrived.