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Bankruptcy looms for cash-starved Saab
Tue, 11 Oct 2011The future is growing dim for Saab. Reports from Europe say the Swedish courts might soon declare Saab bankrupt--possibly as soon as Wednesday--because the company is out of cash. Saab recently won court protection from its creditors while it waited for funds.
Audi R8 Spyder leaks out
Thu, 10 Sep 2009The first proper pictures of the new Audi R8 Spyder We’ve known for some time that the drop-top R8 was coming to Frankfurt. The Spyder has been seen out and about on the set of the film ‘Iron Man II’, and we had a UK Audi dealer using a picture from the set to promote orders for the R8 Spyder back in July. So it’s not new news, but the pictures are new and are obviously part of the official release set – which we’ll no doubt see later today.
Ferrari 250 GTO #3851 GT disappoints at $38 million
Fri, 15 Aug 2014The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).