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Saab funding from China likely delayed. Gets loan from North Street Capital

Saab gets funds from North Street Capital Last week we had Saab and their Chinese ‘backers’ getting in a bit of a muddle over funding. Which is what we’ve come to expect. Saab were adamant that the quote attributed to the Pangda Chairman that the Saab deal was no longer valid was a ‘misunderstanding’.

Bentley SUV – the Bentley Falcon – close to production decision

The Bentley SUV – expected to be called the Bentley Falcon – is close to being officially signed-off for production. Within a month of that report we heard that Bentley had decided to give their new SUV the Bentley Falcon‘ moniker – a clear sign VW had decided to produce the Bentley SUV – and now we learn that the EXP 9 F Concept is ready to be signed-off as a production model - albeit with substantial changes to is design. Wolfgang Schreiber, Bentley CEO, has told Automotive News that Bentley is now close to making official the decision to build the Falcon and that it will get a V8 under the bonnet, and possibly the option of a W12 too.

Chrysler in crisis

By Liz Turner, in the US Motor Industry 02 March 2007 04:28 The trouble with Chrysler: the background In 1996 when Chrysler opened its $1.1bn headquarters in Auburn Hills, 30 miles north of Detroit, executives joked that if things didn’t work out, they could always sell it as a shopping mall. Following DaimlerChrysler’s annual press conference on 14 February, local realtors are, no doubt, sneaking in to take measurements. Chrysler Group announced a staggering operating loss of $1.5 billion for 2006, and in the subsequent question time, DaimlerChrysler’s CEO Dieter Zetsche said the company ‘will examine far-reaching strategic options with partners’.