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Concept Car of the Week: Hyundai HCD-1 (1992)
Fri, 10 May 2013After a difficult start to the '80s, Hyundai thought of a new strategy to penetrate the American market and to compete with the industry leaders – Japanese manufacturers such as Toyota being the primary target. It came back in 1990 and set up the Hyundai California Design Center to develop cars just for 'Uncle Sam'. The center began with projects such as the Tiburon coupé and the Santa Fe off-roader, both being named after American cities.
Saab gets latest lifeline via $5 million infusion from Chinese company
Tue, 13 Dec 2011Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.
Pininfarina Cambiano video teaser released
Tue, 14 Feb 2012Pininfarina has unveiled a video teaser of its Cambiano concept that reveals the rear end of the car for the first time. The Cambiano will be displayed on Pininfarina's Geneva Motor Show stand from 6 March. Its design places great emphasis on eco-friendliness, both in terms of its engine and the materials used in its construction.