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Swedish court rejects Saab creditor-protection plea; Saab will appeal
Thu, 08 Sep 2011A Swedish court on Thursday rejected an application by ailing carmaker Saab for protection from creditors to give it breathing space to solve a cash crisis and get funds from Chinese investors. The Vanersborg district court in western Sweden said in a statement on its Web site that there was no reason to believe a new creditor protection process, known as a reconstruction, would work. Saab said in a statement that it is disappointed with the ruling and will appeal the decision.
Dodge Hornet nears reality
Thu, 25 Jan 2007By Tim Pollard Motor Industry 25 January 2007 06:56 Isn’t the Dodge Hornet just another look-at-me concept car? The waspishly named – and styled – Hornet concept was shown at last year’s Geneva Motor Show, but it’s edging closer to a showroom near you. Thomas Hausch, Chrysler group’s international director for sales and marketing, told CAR Online that plans were moving apace for a production version of the butch supermini.
Hertz announces Ford Mustang-based Hertz Penske GT rental car
Mon, 08 Jul 2013There's nothing wrong with your basic cloth-interior rental cars, but there are times when you want to stumble off the plane and into something a bit more stimulating than a CVT-equipped Versa. Fortunately, rental car companies seem to be willing to answer the enthusiast call. Last week we told you about the Hertz Dream Car lineup and its $1,500-per-day Ferraris, but the company has also developed the muscle-car oriented Adrenaline Collection.