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Get ready for the New GM
Thu, 09 Jul 2009Unless there is some sort of major, unforeseen hiccup, the sale of General Motors' assets--creating a new company--is expected to close Friday. The new GM will be 60.8 percent owned by the U.S. Treasury.
Saab: Vlad Rides to the Rescue
Sat, 16 Apr 2011Vladimir Antonov rides in with €30 million for Saab's coffers It was always an odd move by GM, or the Swedish Government, or whoever it was that decided the deal for Spyker to buy Saab could only go through if Spyker’s money man – Vladimir Antonov – stepped down. It’s understandable if you have genuine concerns about the credentials of a party to the deal, but taking Vlad out of the equation was an accident waiting to happen. Without Vlad there was no financial safety net for Saab.
Alfa Romeo Spider and next-gen Mazda MX-5 details
Tue, 23 Jul 2013Details on the new Alfa Romeo Spider continue to come in. Alfa sources say the car will blend lightweight engineering and modern styling with an accessible chassis and power output around 170 hp. It will go on sale in late 2015, sources said.