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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.
2015 Scion FR-S gets upgraded handling, small price bump
Fri, 16 May 2014Scion only has two cars that could be considered anything close to sporty: the FR-S and the tC. Both received light upgrades for 2015, and a slight price bump. The 2015 Scion FR-S gets better handling through a more rigid front suspension and retuning of the rear shock absorbers.
Volkswagen Group takes over BlackBerry's European R&D center
Mon, 07 Jul 2014The Volkswagen Group has taken over BlackBerry's European research and development center in Bochum, Germany. The center employs around 200 people who will transfer to the newly founded VW Group subsidiary, Volkswagen Infotainment GmbH. BlackBerry is in the midst of a global restructure, as it bids to move away from making smartphones and switch its business to software development.