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Saab appoints North American administrator, prospects darken
Wed, 21 Dec 2011Saab has appointed an outside administrator to oversee its business in North America and the potential wind-down or sale of the company if its parent operations can’t emerge from bankruptcy. The move was announced on Wednesday afternoon by Saab North American COO Tim Holbeck as the company’s future remains uncertain. McTevia & Associates, a management and financial-consulting service with offices in suburban Detroit and Florida, is the administrator.
Renault Captur compact SUV prices revealed – costs from £12,495
Tue, 23 Apr 2013But by the time Renault had run their Captur Concept through the inevitable watering down concepts from mainstream car makers suffer, it turned in to a Clio with rufty-tufty bits and a higher ride height. Enter the production version of the Renault Captur at the start of 2013 and its subsequent debut at the Geneva Motor Show. Now Renault has revealed prices for the Captur, and its costs from £12,495 for the entry-level Expression trim with the TCe 90 engine, rising to £18,895 for the Dynamique S Media Nav with the dCi 90 engine and auto ‘box.
Fiat set to grab 51 per cent of Chrysler
Sun, 17 Apr 2011Sergio Marchionne wants majority at Chrysler What a difference a couple of years makes. On May Day in 2009 we reported that Chrysler had been put in to Chapter 11 Bankruptcy and the US Government was stepping in to ease the pain with $7.5 billion (admittedly at somewhat less than mates-rates) and that the management were ‘leaving the building’. Step forward Fiat to take up a 20% stake in Chrysler and Fiat boss, Sergio Marchionne, who planned to lead Chrysler away from the dark side and in to the light, with the promise of smaller and more efficient platforms and engines.