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Chevrolet Corvette Stingray (2013) first official pictures
Mon, 14 Jan 2013This is the new C7-generation Chevrolet Corvette. It's the fist 'Vette to wear the classic Stingray badge for three-and-a-half decades, but not much else is retro about the new coupe. Out go the rounded taillights and glassy rear hatch of bygone models, and in comes a sharp new look with hints of Nissan GT-R, Ferrari F12 and Camaro about it.
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.
Car Design of the Year 2009
Fri, 12 Feb 2010Last chance to vote for your favorite concept and production design of 2009! While 2009 will most certainly be remembered as a gloom riddled year - with the automotive industry stricken by the economic downturn and a slew of cutbacks - we encourage you to remember the few gems that graced the auto show circuit. So what was your favorite car design from 2009?