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Ford Ranger T6, EcoSport crossover spied in Denver
Wed, 05 Dec 2012Apparently Ford wanted to give a few of its offerings a mile-high workout. That would explain why Autoweek reader Brendan Bartolo was able to catch a fleet of four vehicles parked, hoods open, in a Denver hotel parking lot. Full-body camouflage can't disguise a pair of 2013 Ford Fusion sedans, but we have no way of knowing what new technologies may or may not lurk under their conventional sheet metal.
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.
BMW Brilliance New Energy Vehicle – it’s a plug-in BMW 5-Series Hybrid
Fri, 08 Apr 2011The BMW Brilliance plug-in The Shanghai Motor Show is looming, and we’re starting to see pre-show reveals cropping up. But this is one reveal that has no real impact on anywhere but China, but is interesting nonetheless. BMW’s partner in China is Brilliance, and they build a China-only LWB 5-Series.