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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.
Professional designers create US icons of tomorrow on CCS' Cultural Immersion Workshop
Tue, 20 Aug 2013This year's College of Creative Studies' Cultural Immersion Workshop saw 10 design professionals from Asia – seven of which had never been Stateside before – tour the Midwest on a cultural exploration mission as they sought to provide a fresh perspective on American car culture... in just 27 days. This trip provided the foundation for the innovative concepts that were unveiled at the college on 16 August.
Toyota: Fixes are working on recalled vehicles
Tue, 09 Mar 2010Toyota maintains that the fixes being made to correct unintended acceleration in millions of recalled vehicles are sufficient. But at a press event Monday, company officials said they are willing to bring in as many independent researchers as needed to resolve the issue once and for all. “We don't think there is a ghost issue out there,” said Kristen Tabar, general manager of electronic systems at the Toyota Technical Center in Ann Arbor, Mich.