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Rockville Centre, New York, US
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Saab gets latest lifeline via $5 million infusion from Chinese company
Tue, 13 Dec 2011Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.
Toyota shows self-steering car at safety demonstration
Fri, 22 Jul 2011We already have cars that can take control of the brakes, park for us and maintain a safe distance from the car in front of us. Soon some Toyota models will be veering themselves away from accidents, too. The new system uses cameras and a supersensitive radar called millimeter wave.
Driven: Ford Mondeo wagon
Tue, 17 Jun 2008But the design of this Mondeo is interesting because of this, not despite this. The core challenge for the Ford design team was how to balance delivering a distinctively engaging design with being acceptable to as much as possible of the broad target profile of potential buyer. This is perhaps the biggest unspoken challenge for today's vehicle designer.