Tag Archives: bank

Saviour to spark electric future for Saab

The Saab story is not over – administrators for the Swedish manufacturer, which filed for bankruptcy in December, have announced its sale to a Japanese-Chinese conglomerate.

The new owners plan to turn Saab into a builder of electric vehicles, with the first appearing in 2014.

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First Drive: Chrysler 300C

First drive: Chrysler 300C

What is it: All-new version of Stateside executive car

Key features: New but still in-your-face look, safer, more efficient

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Beijing show – No money in Europe says GM boss

Beijing show – No money in Europe says GM boss

The Chairman of General Motors has painted a bleak picture of the US giant’s European operation.

However Dan Akerson has given no clue as to the future of European plants, including Vauxhall’s at Ellesmere Port on Merseyside.

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Geneva show – Toyota shows next step in hybrid story

Geneva show – Toyota shows next step in hybrid story

Toyota’s latest advances in hybrid technology debut at Geneva in the form of the FT-Bh concept.

The car is described as super-efficient but affordable using technology and manufacturing methods that do not break the bank.

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Volvo bidding to snap up Saab

Volvo bidding to snap up Saab

Reports in Sweden suggest Volvo is making a bid for its bankrupt rival manufacturer Saab.

It is thought that Volvo wants some of Saab’s assets rather than to restart production of cars.

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Saab to be revived by Turkish rescuer?

The saga of Saab might not yet be over – a Turkish private-equity firm is planning a bid for the bankrupt maker.

Istanbul-based Brightwell Holdings says that if successful it would restart car production in Sweden.

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Face to face – Kia boss sees growth in sales and perception

Face to face – Kia boss sees growth in sales and perception

The transformation of Kia has seen the Korean brand almost double its UK market share in the space of four years, and its UK boss expects the climb to continue.

Kia UK Managing Director Michael Cole is looking for almost 20 per cent growth in 2012, in a market predicted to be basically flat.

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