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Saab enters Court Protection – just as we predicted
Wed, 07 Sep 2011Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.
16-year-old Verstappen to race in Formula 1
Wed, 20 Aug 2014TEENAGER Max Verstappen is confident he can handle the pressures of the world of Formula One and insists he is not worried about the sport's dangers. The 16-year-old is set to become the youngest driver in F1's history after joining Toro Rosso for the 2015 campaign. Verstappen - 17 in September and currently competing in Formula Three - will replace Frenchman Jean-Eric Vergne at the Red Bull-owned team.
Audi A5 Sportback joins a growing lineup, but only in Europe for now
Wed, 15 Jul 2009Audi is shoehorning another model into its ever-expanding lineup--the A5 Sportback. The Sportback joins the coupe and the convertible in Audi's A5 family. This model sports four doors and a hatchback, yet sits nearly 1.5 inches lower than the A4 sedan.