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Saab secures more funds as it seeks to avert collapse
Mon, 27 Jun 2011Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'. Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.
Porsche rejects BlueSport Concept
Thu, 14 May 2009Porsche has rejected the BlueSport concept as a new entry-level Porsche The VW BlueSport concept debuted at the Detroit Motor Show in January, and offered the prospect of an economical, fun roadster from the VW group. But at the time VW made it clear that the car would have to work across three of its brands to be viable. VW are obviously up for the project, and Audi look likely to go along with BlueSport with the planned E2 Roadster.
BMW 6 Series Gran Coupe unveiled: Photos & Video
Sun, 11 Dec 2011BMW 6 Series Gran Coupe revealed BMW reveals the 6 Series Gran Coupe, a 6 Series with extra doors and more room, the Gran Coupe is BMW’s take on the Mercedes CLS. It’s not a surprise that the BMW 6 Series Gran Coupe has arrived, the surprise is that it’s taken so long. Mercedes started the whole swoopy coupe fad with the CLS – which is now in its second iteration – and it seemed an odd niche at the time.