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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.
Ford Fiesta – 250,000 sales in the first 9 months
Fri, 24 Apr 2009Ford has sold 250,000 new Fiesta in its first nine months Ford has announced that in the first nine months of production, the new Ford Fiesta has shifted a very impressive 250,000 units, more than any previous Fiesta managed in the same time-frame. I can’t say we’re too surprised by this. We really like the Ford Fiesta.
Buy Dad a piece of the famed Mazda Laguna Seca Raceway
Thu, 19 May 2011You might never get the chance to dominate the Corkscrew at Mazda Raceway Laguna Seca in Monterey, Calif., the way Nicky Hayden and Alex Zanardi did, but you can still make your mark on the famous stretch. A spectator terrace is being constructed atop the turn, and racing fans can buy a brick etched with a name or personal message to sit on the walk of fame. It sure beats a tie for Dad on Father's Day, and all of the money raised will go to improving the raceway.