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Spyker attempting to sell Saab real estate in money-raising move
Tue, 12 Apr 2011The next chapter in the Saab cash crunch appears to involve Spyker selling Saab real estate to an unnamed financial institution, with the automaker leasing the property back for its operations. Saab has been forced to shut down production twice in the past few weeks in the wake of unpaid supplier bills, raising concerns that Dutch owner Spyker may be facing a liquidity crunch. The latest move is likely aimed at freeing capital for the automotive operations while the company negotiates for a loan with the help of the Swedish government.
Dodge Hornet nears reality
Thu, 25 Jan 2007By Tim Pollard Motor Industry 25 January 2007 06:56 Isn’t the Dodge Hornet just another look-at-me concept car? The waspishly named – and styled – Hornet concept was shown at last year’s Geneva Motor Show, but it’s edging closer to a showroom near you. Thomas Hausch, Chrysler group’s international director for sales and marketing, told CAR Online that plans were moving apace for a production version of the butch supermini.
Rolls Phantom Series II at 2012 Geneva motor show
Tue, 06 Mar 2012Senior industrialists – and Sir Alan Sugar’s chauffeur – will be cheered by the news that Rolls-Royce has updated its premium luxury vehicle, with the launch at the 2012 Geneva motor show of the Phantom Series II. Nine years after launch, the heavyweight – in so many ways – limousine gets cosmetic enhancements, some fresh new tech and significant tweaks to drivetrain and ‘user experience’, say RR. The new Rolls-Royce Phantom doesn’t look that different, does it?