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Saab seeks court protection from creditors
Wed, 07 Sep 2011Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.
Ford Evos concept car (2011) news and pictures
Wed, 31 Aug 2011Ford launched its new Evos concept as no less than its new global design direction at a pre-Frankfurt show event in Berlin yesterday. Pay attention to the new Evos - it sets a blueprint for life after the Kinetic design language that has shaped Fords for the past few years. All its design big guns were in attendance to reinforce the Evos’s worldwide significance from overall design chief J Mays to his two regional executive design directors, Martin Smith and Moray Callum.
Fiat Panda gets 2010 updates
Mon, 28 Sep 2009Fiat has updated the Panda for 2010 Underrated though the Panda is, it’s actually a pretty good little car. Sure, it’s not exactly dynamic, but some of it’s iterations – particularly the go-anywhere Panda Cross 4×4 - are very good. So Fiat has decided it’s time for a bit of spit and polish and some new make-up, so it’s given the Panda a bit of an update for 2010.