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Spyker warns that Saab's future is 'uncertain' without fresh funds
Fri, 01 Apr 2011Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing. In its annual report released today, Spyker said the company's "continuity" could become uncertain unless it secures extra funds to finance ongoing operations and the execution of its business plan. Earlier this week, Saab was forced to shut down production for short intervals after key suppliers halted parts deliveries for non-payment.
Honda recalls the CR-V, CR-Z for fixes
Mon, 05 Sep 2011Honda is recalling CR-V crossovers to fix a window switch that could start a fire, and the CR-Z hybrid with manual transmission to make a change to the powertrain software. The new Honda recall is part of a global recall of nearly 960,000 vehicles, including the Honda Fit, for problems with the window switch and the hybrid powertrain. The recall for the Honda CR-V covers 80,111 crossovers from the 2006 model year.
Ford Fiesta [w/Gallery]
Thu, 06 Sep 2012The facelifted Ford Fiesta features design cues that bring it in line with the latest Ford global design language and concept vehicles. The biggest changes are to the front of the Fiesta, where its trapezoidal grille has moved further up the front mask and is flanked by new headlamps with LED daytime running lamps, as well as a new 'power-dome' hood (ironic given the new 3-cylinder, 1.0-liter engine). These changes allign it with the new Fusion/Mondeo that will also make its debut in Paris.