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Portland, Oregon, US
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Spyker signs deal with China's Hawtai Motor to raise funds for Saab
Tue, 03 May 2011Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.
Lexus LF-LC turns Blue
Thu, 18 Oct 2012Lexus are taking the LF-LC Concept to the Australian Motor Show to show what they’ve done since Detroit. Painted it Blue seems to be the answer. But it seems all Lexus has actually managed to do to the LF-LC Concept since the Detroit Motor Show in January is paint it a fetching shade of blue.
Suzuki delays U.S. launch of the Swift
Mon, 30 Aug 2010Suzuki has delayed the relaunch of its Swift small car in the United States until next year while it works on a global product strategy with Volkswagen AG and ponders the growing strength of the yen against the dollar. The rise of Japan's currency already has forced Suzuki to slash its overall U.S. marketing budget.