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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.
Google Car (self) drives into the future [w/video]
Wed, 28 May 2014After years of speculation, Google finally announced its Google Car autonomous vehicle at the Recode Code Conference in Palos Verdes, CA yesterday. Google CEO Sergey Brin unveiled the company's new two-seat, driverless vehicle at the software conference, underlining the company's aim of drastically reducing road deaths and injuries caused by human error, particularly by distracted drivers. "We're now exploring what fully self-driving vehicles would look like by building some prototypes; they'll be designed to operate safely and autonomously without requiring human intervention," said Brin.
Peugeot 207CC
Thu, 07 Dec 2006Following the 207 Epure concept shown at the Paris Motor Show, Peugeot has revealed the production version, the 207CC - though without the concept's fuel-cell powertrain. Succeeding the popular 206CC launched in 2001, the 207CC obviously doesn't differ much from the show car, which was the first model touched by Co-Director Peugeot Design Jerome Gallix. Replacing the fuel cell is a range of IC engines; two gas and one diesel.