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News watch November 2011: today's auto industry news
Tue, 29 Nov 2011Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 29 November 2011• Saab's UK division today filed for administration as it waits for funding from its would-be Chinese investors (Automotive News Europe) • In a statement, Saab GB said: 'Saab Great Britain Ltd filed for administration with the High Court in London... The board of Saab GB is of the opinion that administration gives the company and creditors the necessary legal protection until the required funding for the company has been secured'• Frantic negotiations continue between Saab owner Swedish Automobile and its Chinese suitors, Youngman and Pang Da, which signed an MOU to buy Saab for €100 million.
Porsche changes CEOs
Tue, 06 Jul 2010The changes continue at Germany's most famous sports-car maker: Porsche CEO Michael Macht is being replaced after less than a year at the helm by Matthias Mueller. The changes take effect on Oct. 1.
Kia K900 luxo-barge debuts in Los Angeles
Fri, 22 Nov 2013Kia unveiled the K900 rear-wheel drive executive sedan at the LA Auto Show on Wednesday. Kia plans for it to compete in the full-size luxury segment starting in the first quarter of 2015. The company's new halo car comes wrapped in a handsome and brawny package, but it still managed to squeeze in a cute tiger nose grille.