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Saab reportedly bought by Chinese-led consortium
Fri, 08 Jun 2012A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.
Hyundai: E4U Egg Car & Fluidic Sculpture in Motion
Sun, 14 Apr 2013Hyundai has already made it clear that 2013 will be about ‘Brand Awareness’ rather than releasing a new raft of models and chasing ever increasing sales, so two Hyundai outings in the last week can be put down to their targeted aim of profile raising. In Milan, Hyundai are taking part in the Milan Design Week by showing an innovative light sculpture that has been inspired by Hyundai’s ‘Fluidic Design’ (even though Hyundai have already said that ‘Fluidic Design’ is being replaced by ‘Fluidic Precision’ as they aim to make their designs ‘cleaner) with an installation made up of 12,000 translucent spheres acting collectively on a screen, surrounded by high-power lasers and suspended over a pool of water. The ‘performance’ starts with virtual rain created by the lasers which form three-dimensional shapes, followed by an interactive segment where human interaction creates three-dimensional images by scanning for body warmth so visitors can manipulate what they see by using gestures.
Final Corvette freed from museum sinkhole, and it ain't pretty
Thu, 10 Apr 2014At last, our long national nightmare is over: All eight Corvettes sucked into the Bowling Green, Ky., National Corvette Museum sinkhole back in February are back at ground level. And there's a lot to be happy about. First and foremost, we're thankful no one was hurt in the incident, which happened in the early morning hours of Feb.