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GM's Henderson says no decision yet on bankruptcy
Fri, 17 Apr 2009General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary. "We have until June 1, and if we can't do it between now and June 1 then we do it in bankruptcy," Henderson said during a morning teleconference with journalists. Still in his first month at the helm after the March 30 departure of CEO Rick Wagoner, Henderson said he wasn't sure who would make the decision.
Volkswagen T-ROC SUV Concept points to a Nissan Juke competitor
Fri, 28 Feb 2014Volkswagen T-ROC SUV Concept (pictured) heading for Geneva Volkswagen are aiming to expand their lineup of SUVs from the current Tiguan and Touareg to include more options in size and ability to tap in to the growing compact SUV market, and having already previewed the Up!-based Taigun we now get a new VW compact SUV concept aiming to fit in between the Taigun and Tiguan – the Volkswagen T-ROC SUV Concept. Heading for a debut at the Geneva Motor Show next week – and revealed today in a series of design sketches (above) – the T-Roc is a two-door, four-wheel-drive compact SUV with a two-pieced Targa roof. In terms of styling, the T-Toc gets VW’s idea of and evolution of its, rather bland, SUV styling with a new grill providing a more original front end (which has echoes of the Nissan Juke but can be referenced by the Karmann Ghia), a coupe look and that removable Targa roof.
Mercedes' GLK problem: Too many high-end models in the U.S.
Mon, 13 Apr 2009Mercedes-Benz has adjusted option packages on its new GLK-class premium SUV to help cope with an oversupply of high-priced versions. Ernst Lieb, CEO of Mercedes-Benz USA, said the company exported too many high-end models for the January U.S. launch.