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Volkswagen Group takes over BlackBerry's European R&D center
Mon, 07 Jul 2014The Volkswagen Group has taken over BlackBerry's European research and development center in Bochum, Germany. The center employs around 200 people who will transfer to the newly founded VW Group subsidiary, Volkswagen Infotainment GmbH. BlackBerry is in the midst of a global restructure, as it bids to move away from making smartphones and switch its business to software development.
Facelifted Lexus CT200h at 2013 Guangzhou show
Tue, 12 Nov 2013Next week is already daft enough, what with the 2013 Tokyo and Los Angeles Motor Shows kicking off on the same day – Wednesday 20 November. Now it turns out there’s a third motor show happening at the same time, the 2013 Guangzhou Motor Show in China. And for some reason, Lexus has chosen Guangzhou to debut the revised CT200h hybrid hatchback.
Saab files for reorganization, seeks $1 billion to survive
Fri, 20 Feb 2009Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process. The General Motors-owned Swedish brand said it will work "to create an independent business entity" and will concentrate production, design and engineering in Sweden. Saab said it would continue to operate as normal during the reorganization process, with GM and the Swedish government providing some support.