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News watch November 2011: today's auto industry news
Tue, 29 Nov 2011Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 29 November 2011• Saab's UK division today filed for administration as it waits for funding from its would-be Chinese investors (Automotive News Europe) • In a statement, Saab GB said: 'Saab Great Britain Ltd filed for administration with the High Court in London... The board of Saab GB is of the opinion that administration gives the company and creditors the necessary legal protection until the required funding for the company has been secured'• Frantic negotiations continue between Saab owner Swedish Automobile and its Chinese suitors, Youngman and Pang Da, which signed an MOU to buy Saab for €100 million.
35,000 Toyotas recalled over safety concerns
Wed, 09 Apr 2014A total of 35,124 Toyotas in the UK are being recalled following safety concerns over the airbag modules, seat rails and steering columns. Toyota Airbag could fail to go off Some 24,785 UK-registered Toyota RAV4 and Hilux models are being recalled following a possible issue with the spiral cable assembly in the airbag module. Due to the position of a retainer in the system, Toyota admits “there may be a risk when the steering wheel is turned of damage to certain circuits that provide connectivity to the airbag.” This would prevent the airbag from working in a crash, and would illuminate a warning light on the dashboard.
Kia won't build Soul Koup, but it could
Wed, 19 Mar 2014There are no plans whatsoever to bring a Soul coupe to the market, Kia said when we gave a spokesperson a call. "We're constantly evaluating the market," he told us, "but there are no future Soul derivatives in the works, no ideas currently being explored." This contradicts a rumor currently spreading across the Internet. They have all concluded that Kia's two-door Soul will look like the above.