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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.
Chrysler Ypsilon revealed
Mon, 14 Feb 2011Lancia Ypsilon - a change of badge will make it the Chrysler Ypsilon We only reported the other day that Lancia are coming back to the UK with a Chrysler-badged Ypsilon. And it’s probably a little disingenuous to say that the Chrysler Ypsilon has been revealed. It hasn’t. But the Lancia Ypsilon has, and all that will change when the Ypsilon comes to the UK this Summer is the badge to morph the Lancia Ypsilon in to the Chrysler Ypsilon.
Jaguar ramps up interest for the XF Sportbrake
Sat, 07 Jan 2012Jaguar XF Sportbrake - now you can register your interest The Jaguar XF Sportbrake (XF Estate) has been teased a couple of times so far, but now Jaguar are taking registrations of interest for the new XF. It’s not huge news that the Jaguar XF Sportbrake is being dangled again, but it’s an indication that the launch of the XF Estate is getting closer. When Jaguar first officially confirmed the XF Sportbrake back in November, they did so by creating a new Twitter account – @sportbrake - from which they’ve now acquired around 1,000 followers and, apart from responding to followers’ Tweets, have been regaling us with enigmatic Tweets like ‘The House in the Trees reflects nature in its balanced curves’ and ‘… few people achieve it… have you?’ Jaguar followed that up with a ‘Santa Special’ with Father Christmas loading presents in the back of the XF Sportbrake – still camouflaged and still with ‘@sportbrake’ plastered on the side.