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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.
De Tomaso assets being brokered
Wed, 07 Jan 2009The De Tomaso brand and factory are up for grabs It’s true to say that the De Tomaso brand, probably the most significant of the unused Italian Supercar Marques, has been hawked round the world for years. But this document puts up some real detail, and pictures of the sad decline of a once successful (particularly in the U.S.) supercar maker. De Tomaso was, for a time, a great blend of Italian style and American muscle, but it lost its way badly many years ago and, despite a few attempts to resurrect it, De Tomaso has been off the scene for a long time now.
Renault Megane CC (Coupe Cabriolet) revealed
Fri, 05 Feb 2010Renault is to debut the new Renault Megane CC at the Geneva Motor Show A couple of weeks ago we had a teaser photo of the new Renault Megane CC which is due to launch at the Geneva Motor Show next month. As usual all we got was an arty picture – in this case of the rear 3/4 view – and a few details. But now Geneva is getting closer Renault has decided to divvy up a set of pictures and a fair amount of detail.