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Peugeot 207 Outdoor
Thu, 08 Mar 2007By Ben Whitworth Motor Shows 08 March 2007 09:11 207 estate joins hatch and CC line-up Peugeot calls it the 207 Outdoor Concept. We call it the 207 SW estate, and it arrives here in July, minus the glitzy showcar bits. Based on the 207 chassis, the estate will use all the hatchback’s transmissions and engines bar the 1.6-litre turbo found in the GTI, with prices starting around the £10,000 mark.
Fioravanti Thalia concept
Fri, 23 Feb 2007Fioravanti will be represented at the Geneva Motor Show by this, the Thalia, named after one of the three Graces of Greek mythology. The rear hump means a staggered silhouette, reflecting the rear seating which has been elevated to accommodate 'the most recent alternative energy technology.' Along with its unusual architecture, the sketch also shows a unique graphic break, with the dominant sweep and rear-biased mass reminding a little of the Mazda Senku concept. It will be interesting to see the model in Geneva.
Saab unable to pay wages as financing crisis deepens
Fri, 24 Jun 2011Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.' While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.