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Guangzhou, China
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Saab gets latest lifeline via $5 million infusion from Chinese company
Tue, 13 Dec 2011Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.
BMW Vision EfficientDynamics Concept – Frankfurt catchup
Thu, 17 Sep 2009BMW revealed the Vision EfficientDynamics Concept at Frankfurt CO2 targets – and the received wisdom that somehow the planet is dying because we drive cars – means car makers have to respond to the mood and produce ‘Eco’ cars. Which is a problem for makers of prestige and performance cars. How do they square the circle?
2015 Mercedes C-class photos leaked
Tue, 29 Oct 2013Spanish site diariomotor.com found some undisguised pictures of the redesigned 2015 Mercedes-Benz C-class. The styling seems to follow the E- and S-class with hints of the CLA-class as well; the sport model wears its badge in the grille, while the luxury model opts for a hood ornament. The 2015 C-class will launch in the fall of 2014.