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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.
Audi A2 EV & A1 Range-Extender dropped
Tue, 05 Jun 2012It seems Audi is getting cold feet on its electric car plans with the Audi A2 EV and the Audi A1 Range-Extender reported to be dropped. It’s starting to look as if car makers are waking up to the reality that electric cars are not something car buyers, on the whole, want to spend their hard earned cash on. We recently reported that the BMW range of EVs is being re-thought with the BMW i3 likely to be just a range extender and plans to extend the i-BMW beyond the i3 and i8 Supercar put on ice.
Audi TT Sportback concept – it’s a 5-door TT: Paris 2014
Thu, 02 Oct 2014Audi TT Sportback concept – it’s a 5-door TT Audi has long been the master of the niche, so it’s no real surprise they’re looking for ways to ‘extend’ the Audi TT in to a series of new niche models. The latest take is this, the Audi TT Sportback concept, which has arrived at the Paris Motor Show as a big brother to the TT Coupe, with an extra pair of doors and an extra 290mm in length. Audi has also played with the look of the TT Sportback, with a new hexagonal grill, new headlights and a new bumper up front and the new tail lights and smaller back window give the TT Sportback an individual look (well, as individual as an Audi ever gets).