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Saab plea for Court Protection dismissed – owes €150 million to creditors
Thu, 08 Sep 2011Saab denied Court Protection - there seems no way out We hoped Victor Muller had found a way out of Saab’s financial woes by applying to the Swedish Courts for protection from its creditors while it waited for funds from China to arrive. But the application has hit a brick wall. The district court in Vanersborg said in a statement that there was no reason to believe protection and reorganisation would work for Saab.
Spyker in negotiations to sell its sports-car business to focus on Saab
Thu, 24 Feb 2011Spyker Cars said Thursday it is negotiating to sell its sports car business to a company controlled by Russian billionaire Vladimir Antonov. Spyker, which bought Saab from General Motors Co. a year ago, said it has signed a memorandum of understanding to sell Spyker's assets to U.K.
A look at future Cadillacs
Fri, 13 Sep 2013Cadillac revealed another take on a future large, rear-wheel-drive car during the Pebble Beach weekend—the ultra-cool Elmiraj four-seater coupe. This is Cadillac's second such concept in a couple years, after it showed the Ciel convertible at Pebble in 2011. Yet we hear that the first production car to ride on the so-called Omega platform will be a sedan scheduled to arrive in 2015 as a 2016 model.