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Saab on brink of closing after GM rejects rescue plan
Mon, 19 Dec 2011Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.
Spanish Grand Prix (2010) RESULT
Sun, 09 May 2010The Spanish GP 2010 gets underway We finally get back to the real F1 world with the first European race of the 2010/2011 season at Barcelona, a circuit that is probably better known by the drivers than any other thanks to winter testing. Yesterday’s qualifying saw the Red Bulls dominate as they have at ever qualifying this year. Only this time it was Webber who stole pole from team mate Vettel.
Bentley SUV to get W12 engine
Mon, 10 Oct 2011The Bentley SUV will get a W12 engine option Back in July we had the talkative Bentley boss Wolfgang Dürheimer musing that Bentley will produce the ultimate luxury SUV, with plans to take the underpinnings from sister company Porsche’s Cayenne and make the most opulent SUV on the planet. The plan for a Bentley SUV has been around for a while, but the perception by car makers that big SUVs were unpalatable to the general public in these eco-obsessed times meant plans by many car makers to build an SUV were left to gather dust on the shelves. But those car makers who chose to ignore the brickbats directed at big SUVs have proved that there is big demand for luxury monsters (the Cayenne has turned in to Porsche’s biggest cash cow) and that the anti-SUV lobby was simply a very small bunch of eco-mentalists making headlines.


