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Koenigsegg backs out of deal to buy Saab
Tue, 24 Nov 2009Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.
White Van Man numbers booming
Thu, 10 Apr 2014THE ADVANCE of White Van Man is accelerating, according to figures highlighted by the RAC Foundation. Between 2002 and 2012 the number of light vans on the roads increased by 29% to 3.3 million. During the same period, the increase in cars was 11%, with one in 10 vehicles on the roads now a light commercial vehicle.
New car sales hit ten year high – Toyota Yaris breaks in to top 10
Sat, 05 Apr 2014The Toyota Yaris accounted for over 20% of hybrid sales in March 2014 We’ve got used to new car sales (well, new car registrations) hitting new highs month after month, but March 2014 managed to top even the recent levels with the highest monthly registrations in a decade. March is normally the year’s highest new car month with the ‘year’ plate change coming in, with almost 20 per cent of cars registered in that month alone (it used to be August when there was just one plate change a year) and 2014 saw a jump of nearly 18 per cent over 2013, and the highest total since March 2014. Still sitting atop the list is the Ford Fiesta (25,753) with more than 50 per cent more sales than the second place Ford Focus (16,860), with the usual suspects taking up the rest of the top ten (full top ten sales for March 2014 below).