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Saab increase pay for Board members as Swedish Debt Office circles
Fri, 19 Aug 2011Saab Meltdown gets closer It never rains, but it pours. And for Saab and Victor Muller it has been a year or more of almost unbroken storms, punctuated with just the odd ray of financial sunshine as Victor Muller combs the planet for investors to stake a claim in his chocolate teapot company. There has been no production at Saab of any consequence since April; many suppliers still remain unpaid despite substantial injections of cash from Chinese buyers; wages have not been paid and now, just to rub salt in the wound, it’s been revealed that board members received pay rises of up to 650 per cent in 2010.
Ford takes to Facebook to sell special model
Tue, 24 Sep 2013FORD HAS TAKEN the unusual step of selling 500 examples of its EcoSport crossover on the social networking site Facebook. Based on the Fiesta, the EcoSport combines elements of the small supermini with a raised ride height, taller body and chunky details to create a compact crossover. Underneath the tough exterior the EcoSport comes with a choice of the impressive 1.0-litre EcoBoost petrol or 1.5-litre 90bhp diesel unit.
Four big pickups get low marks in crash tests
Wed, 11 Feb 2009Four 2009 full-sized pickups got low marks in side-impact crash tests by the Insurance Institute for Highway Safety, a research group for auto insurers. Crash protection is "poor" in crew-cab versions of the Chevrolet Silverado and Nissan Titan without side-impact airbags, according to test results the institute released on Wednesday. The Dodge Ram with standard side-impact airbags got only a "marginal" rating, the institute said.