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UAW: GM, Chrysler may not need additional federal funds
Tue, 06 Jan 2009UAW President Ron Gettelfinger said today that General Motors and Chrysler LLC may not need additional federal loans beyond the $17.4 billion approved by the White House. "If we can get by without more money, that's what we want to do," Gettelfinger told Automotive News in an interview at Solidarity House in Detroit. He said how well the money holds out will depend on sales volume this year.
U.A.S Graz-BMW partnership project
Mon, 19 Jul 2010The University of Applied Sciences in Graz, Austria (U.A.S Graz) has collaborated with BMW, Munich on a project to design ‘the new SUV'. "Today's SUVs are very heavy, have an aggressive appearance and use too much fuel", says Prof. Gerhard Heufler, head of Industrial Design department at U.A.S Graz.
Saab gets more cash from China partner
Wed, 01 Jun 2011Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros or $21.7 million at current exchange rates. The order comes on top of an order for 1,300 cars worth $43.3 million (30 million euros) received by Saab from Pang Da in May. The Chinese company will pay in advance for the order and delivery of the vehicles will start in the third quarter, Saab said.