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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.
Fiat Panda 4×4 Antarctica celebrates 30 years and 500,000 Pandas
Wed, 22 Jan 2014Fiat Panda 4×4 Antarctica (pictured) celebrates 30 years and 500,000 Pandas If you’ve never driven a Fiat Panda – especially the Panda 100hp or Panda 4×4 – you’re missing out on a whole heap of fun; as an urban warrior and nippy little runaround there’s little to beat it still. So with Fiat are celebrating 30 years of the Panda – and 500,000 sales – with a new limited edition Fiat Panda 4×4 Antarctica – which comes with extra kit and a choice of engines – now could b e a good time to grab yourself a bit of budget Italian fun. With a name like Antarctica it’s no surprise the only choice of colour for this special edition Panda 4×4 is white, although you do get a black roof, orange detailing and 15″ alloys to break up the white body.
Elio three-wheel prototype revealed
Wed, 08 May 2013Elio Motors unveiled a prototype of its two-passenger, three-wheeled vehicle Wednesday, confirming the all-new vehicle will have a $6,800 base price when it goes on sale in June 2014. Paul Elio, company founder and CEO, said the vehicle is targeted at first-time or cash-strapped buyers, as well as for families who already have a family car and are seeking something inexpensive for daily commuting. Its sub $7,000-base price makes it almost half the price of the cheapest car in the U.S.