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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.
Jaguar Land Rover sales drive Tata Motors’ profit
Tue, 14 Feb 2012JLR strong sales drive Tata Motors profits Jaguar Land Rover sales rose 41 per cent in the last quarter to £3.75 billion with profits of £440 million, propping up Tata’s domestic decline. When Tata bought Jaguar Land Rover from Ford back in 2008 for $2.3 billion it offered promise for the future, but most analysts thought Tata had made a big mistake buying JLR for so much, just as the world economy started to slip ion to the near depression we’re still fighting. But the analysts were wrong.
Alpina B5 Bi-Turbo (2011) launches
Fri, 09 Jul 2010The Alpina B5 Bi-Turbo 2011 debuted at Goodwood If you went down to the Goodwood Festival of Speed over the weekend you may well have come across Alpina’s latest offering – the Alpina B5 Bi-Turbo – which, following the news yesterday that BMW have retired the current generation (E60) M5 and that you’ll have to wait intil next year for the new M5 – is the only way to hop in to a brand new ‘Hot’ 5 series for at least the next 9 months. Not only is the Alpina B5 the only really quick 5 series on the market now, it will also be a lot less ubiquitous in the long run than BMW’s own M5. A lot to be said for that.