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Saab secures more funds as it seeks to avert collapse
Mon, 27 Jun 2011Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'. Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.
Mercedes E63 AMG gets a tweak for 2011
Wed, 21 Jul 2010The Mercedes E63 AMG gets a tweak or three for 2011 The Mercedes E63 AMG debuted at the New York Motor Show last year. Which even in car terms isn’t exactly an age ago. We can’t be sure, but there’s a fair chance that it’s also not much more than six months since the first E63s arrived in customers’ hands in the UK.
BMW ActiveHybrid X6 – blink and you’ll have missed it
Tue, 20 Sep 2011BMW ActiveHybrid X6 ends production On the face of it, adding hybrid gubbins to an expensive SUV should be a winner. Extra power and better economy – with the extra cost easily lost in an already expensive SUV – makes some sense. Or at least BMW thought so when the BMW AciveHybrid X6 was launched in 2009.