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Saab enters Court Protection – just as we predicted
Wed, 07 Sep 2011Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.
Hyundai Blue Will at Seoul motor show 2009
Thu, 02 Apr 2009By James Foxall Motor Shows 02 April 2009 15:18 What’s new on Hyundai’s Seoul motor show stand? The big noise on Korea’s best-selling car maker’s stand was its eco-friendly Blue Drive strategy and, more significantly, the launch of its first hybrid production car. The Elantra petrol-electric vehicle uses a 1.6-litre LPG-powered engine with power boosted by a 15kW electric unit.
VW Tiguan 2010 Facelift
Tue, 24 Nov 2009The facelifted VW Tiguan unveiled in China Volkswagen does big business in China, and has done for longer than probably any other Western car maker. We recently reported that VW has sold 5 million cars in China over the last 25 years, and that rate of sales is climbing rapidly. So it’s no real surprise that VW has revealed a facelifted Tiguan at this week’s Guangzhou Auto Show in China.