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Saab seeks court protection from creditors
Wed, 07 Sep 2011Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.
New Land Rover Discovery Vision Concept leaks
Mon, 14 Apr 2014The Land Rover Discovery Vision Concept (pictured) leaks ahead of its debut The next models in line at Land Rover for a complete makeover are the Freelander and the Discover, both of which are going to be badged Discovery and will be previewed by the Land Rover Discovery Vision Concept at the New York Auto Show in a few days. But we already have the first photo of the new Discovery Vision Concept after Jalopnik published it this afternoon. The new Discovery certainly has influences form the new Range Rover, but it also offers more than a passing resemblance to the Ford Explorer – but then the Ford Explorer was plagiarised from Land Rover in the first place, so that’s probably not a real problem.
VW Golf R & Scirocco R – the Video
Mon, 21 Sep 2009The Golf R and the Scirocco R on track And the Golf R does go one better than the Scirroco R. Still equipped with VW’s 265bhp turbo 4-pot it also gets endowed with the latest version of VW’s 4Motion all wheel drive. But pretty pictures of the new Golf R are not really enough.