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Saab unions threaten bankruptcy action over unpaid wages

Unions at Saab, which is unable to pay wages to its workers, threatened today to start a legal process that could end in bankruptcy for the iconic brand. The IF Metall and Unionen groups said they would send a formal demand for payment on Monday if their members had not received their wages. "Then the company has seven days to react," IF Metall representative Veli-Pekka Saikkala told Reuters.

Spyker C8 Aileron GT (2011) first pictures

Spyker is readying a new endurance racer, the C8 Aileron GT. and it's unveiled the car on the eve of the 2011 Geneva motor show. It's more good news for the fans of the obscure Dutch brand: last week the company that builds the cars in the UK bought the brand from holding company Spyker Cars N.V, there's a waiting list that stretches into early 2012, and now Spyker is committing to endurance racing for the next few years.  Based on Spyker’s new flagship C8 Aileron, the new GT racer is being designed and developed to meet the GTE regulations set by the ACO, the governing body of the Le Mans 24hrs.

Lexus Premium Compact – The Lexus CT?

Update 12th Feb 2010: Finally we get confirmation that the production name is the Lexus CT 200h. Update 1st September: Lexus has now revealed their Premium Compact as the Lexus LF-Ch. Back in ’05, the rumour was that the compact would be called the Lexus BS.