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Saab files for bankruptcy
Tue, 20 Dec 2011Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.
Audi Q3: new entry-level 1.4 TFSI & new S Line Plus trim option
Wed, 29 Jan 2014The new Audi Q3 1.4 TFSI (pictured) offers a sensible petrol alternative Although we all now seem as obsessed in the UK by frugal diesel engines as Europe has been for many years, there’s a lot to be said for a petrol engine. So the launch of the Audi Q3 1.4 TFSI petrol as the new entry point for the Q3 range should make private buyers – and those who don’t do mega miles – sit up and take notice. The Q3 1.4 TFSI only comes with front wheel drive, but it does offer a sensible alternative to the 2.0 litre TDI 140 for many buyers, with 148bhp, a 0-62mph of 9.2 seconds (8.9s with the optional S tronic ‘box), official economy of 47.9mpg and emissions of 137g/km.
Norwegian EV maker Think files for bankruptcy
Thu, 23 Jun 2011Tiny electric car maker Think Global AS filed for bankruptcy today in its home market of Norway after attempts to keep the company going through recapitalization and restructuring failed, the company said in a statement. It is the fourth time Think has collapsed financially in its 20-year history. "We needed some additional funding and although we had interested investors they were not able to come to the table quickly enough," Think spokesman James Andrew told Automotive News Europe.