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Aston Martin sale imminent
Thu, 29 Nov 2012Despite denying they were in talks to sell a stake, Aston Martin has confirmed it is in talks for a ‘Capital Increase’ with a deal announcement seemingly imminent. We’ve been banging on for more than a year that Aston Martin needs a new investor if it has any chance of remaining credible and viable. And now it looks like that ‘Big Brother’ for Aston Martin is imminent.
NEVS completes Saab purchase
Tue, 04 Sep 2012National Electric Vehicle Sweden AB (NEVS) has completed the purchase of the assets of Saab, but can’t use the Griffin logo. It looks like the Chinese, Japanese, Swedish Consortium NEVS has finally completed the process of acquiring the assets of bankrupt Saab, but it hasn’t quite got all it wanted. We reported last week that the process of acquiring Saab had been delayed as there were still issues over the rights to the Saab log, a logo owned by Scania and Saab Aerospace.
VW Phaeton - the new one coming in 2015
Wed, 21 Sep 2011A brand new Volkswagen Phaeton Mk2 will be launched in 2015, based on a new architecture being masterminded by cousins Audi. Dubbed VW631, the new VW Phaeton will be based on MLM Evo (modular longitudinal matrix) which makes provision for a plug-in hybrid option, an aluminium-intensive body structure and a much more advanced and less nose-heavy dynamic layout. Although VW chairman Martin Winterkorn has in the past black-flagged the Avantissimo (A8-based) and the Passat Variant Plus (A6-derived), there is still a lot to be said for a second more practical bodystyle in addition to the four-door notch which is almost compulsory in this segment.