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Saab seeks court protection from creditors
Wed, 07 Sep 2011Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.
FLO TV shutdown forces Chrysler to consider alternatives
Fri, 15 Oct 2010Chrysler said it plans to take care of its customers who will lose the FLO TV mobile-television service next spring. But the automaker hasn't settled on what it will do. Qualcomm Inc., owner of FLO TV, said on Oct.
BMW i3 Coupe concept
Tue, 27 Nov 2012It may be dubbed a concept but this BMW i3 Coupe is ostensibly the debut of the production version of the innovative new B-segement EV at the LA auto show. The Coupe is a new variation on the now-familiar i3 although in reality it's more three-door than true coupé. At 3,964mm, 1,768mm wide and 1,555mm high, the Coupe is lower than the five-door i3, while its front and rear screens have faster rakes.