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Saab 9-3 back with a petrol engine?
Sat, 17 Nov 2012When National Electric Vehicle Sweden (NEVS) bought Saab they planned to produce electric Saabs. But now they’re looking at relaunching the 9-3 with an ICE engine. Finally, after what seemed decades of trying to find a way to divest itself of Saab, GM agreed a deal with National Electric Vehicle Sweden (NEVS) to take the reluctant Griffin down the dead-end route of mainstream electric cars.
Detroit Electric moves production to Holland
Fri, 30 Aug 2013Detroit Electric is going ahead with production of its Lotus-based sports car in the lovely Detroit suburb of…Holland. Unfortunately it's not the coastal city in the western part of Michigan, but the one in northern Europe. The facility will begin production in the fourth quarter of this year, according to the Detroit News.
GM posts $6 billion loss, burns $10.2 billion in cash as sales fall
Thu, 07 May 2009General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.