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Spyker CFO is set to step down in July as Saab raises more cash
Thu, 02 Jun 2011As Saab Automobile struggles to get back on its feet, Spyker Cars NV announced Wednesday that its chief financial officer plans to resign. Hans Go will step down as statutory director of Spyker effective July 1, Spyker said in a statement today. Saab production restarted last Friday after it received financial assistance from its new China partner, Pang Da.
Mazda halts production of the RX-8 rotary-engine sports car
Mon, 22 Aug 2011Mazda Motor Corp. has canceled production of its RX-8 rotary engine sports car, citing falling sales and stringent global emissions standards. Production in Hiroshima, Japan, ended in early July and global sales of the car will conclude later this year.
ABT Sportsline introduces 700 hp Audi RS6 Avant
Thu, 14 Nov 2013Hot on the heels of their appearance at SEMA and their announcement to open a location in the U.S., the German tuning firm ABT Sportsline has unveiled two new versions of the Audi RS6 Avant, dubbed the ABT Power S and ABT Power. Apparently, ABT Sportsline felt that the 560 hp output of the stock 4.0-liter TFSI-engined Audi RS6 Avant wasn't enough, and tuned the ABT Power S version to produce 700 hp. That's a 25 percent increase in power over the stock version.