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Geely president Li Shufu admits disputes with Volvo managers
Tue, 16 Nov 2010Three months after becoming the new owner of the Swedish car brand Volvo, Zhejiang Geely Holding Group Co. President Li Shufu said he disagrees with Volvo's management about its product plans. Speaking last week at a forum hosted by the Chinese Web site of the Financial Times in Shanghai, Li said that Volvo should develop large cars for China.
Saab files for bankruptcy: the end of the Swedish saga
Mon, 19 Dec 2011Saab has reached the end of the road - for the second time in two years, just before Christmas. Parent company Swedish Automobile today announced that Saab had filed for bankruptcy. Owner and acting CEO Victor Muller had been trying to sell Saab as a going concern and had come close to signing a deal with Chinese car makers Pang Da and Youngman, but the deal was blocked by former owner General Motors which feared its technology - powering the new 9-5, plenty of the 9-3 range and the 9-4X - would fall into opposition hands in China.
Honda CR-Z Hybrid (2010/2011) Leaks
Wed, 09 Dec 2009Picture of the leaked Honda CR-Z Hybrid brochure We saw the Honda CR-Z Hybrid at the Tokyo Motor Show a few months ago as what Honda called a concept. But it was clear that this new Hybrid Coupe from Honda was anything but a concept and was in fact a virtually production-ready car. So it’s no surprise to see a leaked picture of the Honda CR-Z brochure coming out of Japan.