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Saab: Muller seeking €600 million Chinese Bank loan to placate GM
Thu, 08 Dec 2011Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.
Ssangyong SUT1 Concept
Mon, 07 Feb 2011These sketches preview the Ssangyong SUT1 concept, the latest chapter of the South Korean automaker's rejuvination and an evolution of the once popular Actyon Sports series. It will debut at the 2011 Geneva motor show. According to Ssangyong, the SUT1 retains the 'essential characteristics of a traditional pick-up,' and combines these with more refined styling attributes, something the company believes is essential in this sector.
Alfa Romeo future products: 4C, Giulia lead return to U.S. market
Tue, 09 Aug 2011Sergio Marchionne, CEO of Fiat and Chrysler Group, says Alfa Romeo will return to the United States in late 2012. But if he makes the deadline, just a few units of the 4C limited-edition coupe would be on sale. Alfa's full return is now planned in mid-2013, about a half-year later than Marchionne's most recent timetable, with a compact crossover.