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Saab reportedly bought by Chinese-led consortium
Fri, 08 Jun 2012A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.
Porsche still celebrating 911 50th birthday (video)
Sun, 06 Oct 2013All 7 generations of the Porsche 911 (pictured) ‘sing’ Happy Birthday Car makers do like to make the most of any anniversary they can hang a bit of PR on, and Porsche are no different. 2013 is the 50th anniversary of the, now iconic, Porsche 911 and Porsche has been making PR hay all year with everything from a 50th anniversary 911 to a huge gathering of Porsche 911s at the Silverstone Classic. But now, with just a few months of the 911′s anniversary left to milk the PR, Porsche has put together a video featuring all seven generations of the 911, happily wishing themselves a ‘Happy Birthday’.
Costs put Mini Rocketman at risk
Mon, 20 Jun 2011BMW is not ready to commit to building the Mini Rocketman, a minicar concept that debuted in March at the Geneva auto show. The reason? Executives say privately that they fear that the Smart competitor would not be profitable.