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Saab funding from China likely delayed. Gets loan from North Street Capital
Thu, 20 Oct 2011Saab gets funds from North Street Capital Last week we had Saab and their Chinese ‘backers’ getting in a bit of a muddle over funding. Which is what we’ve come to expect. Saab were adamant that the quote attributed to the Pangda Chairman that the Saab deal was no longer valid was a ‘misunderstanding’.
VW Passat: New distance world record
Mon, 04 Oct 2010VW Passat World distance Record When you as old as I am (or at least as old as I feel) you can’t help but be astonished at the feats of economy car makers seem able to wring from even quite serious, upmarket cars. Yesterday we reported on the Mercedes S250 CDI which manages to perform like a 1990s V8 S-Class whilst simultaneously doing nearly 50mpg. Which to an old git like me – who thought his 3.0 litre Capri in his teen years was doing well if it got 18mpg – is a bit hard to acccept.
Ferrari plans to sell fewer cars in 2013
Wed, 08 May 2013Ferrari boss Luca di Montezemolo has announced an unusual plan for the Prancing Horse: to sell fewer cars in 2013 than the 7000 it delivered in 2012. Speaking in Maranello, di Montezemolo stated that 'this is a far-sighted decision to strengthen our brand equity, from what I learned from Enzo Ferrari… We must resist people who say the competition will benefit from us making fewer cars… When others penetrate our markets, we are happy to meet this challenge.' Is Ferrari mad to chase fewer sales? It is not the first time that Ferrari has decided to limit supply: 'In 2003 we did the same,' explains Montezemolo.