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Mustang named favourite classic
Tue, 01 Oct 2013THE FORD MUSTANG has been voted Europe’s most wanted classic car with 37% of those polled saying they would love to have the American sports car in their garage. "Ford Mustang is more than a car, it’s the freedom of the open road and the spirit of performance driving," said Roelant de Waard, vice president, Marketing, Sales and Service, Ford of Europe. "Mustang has been a fundamental part of global automotive culture for almost half a century and is one of the world’s most recognisable vehicles." Launched in 1964, Mustang became an instant sensation and inspired millions of people.
GM to test offering insurance for 1 year to buyers in Northwest
Fri, 08 Jul 2011General Motors--testing a new sales promotion--is offering Oregonians and Washingtonians a new incentive to buy or lease a GM vehicle. Any driver from the two states who buys or leases a new vehicle through Sept. 6 and titles the vehicle in either state will receive a free one-year automobile insurance policy from MetLife Auto & Home.
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.