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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.
Volvo WILL build a luxury car to take on the Mercedes S-Class
Mon, 23 Sep 2013Volvo WILL build a luxury car to take on the Mercedes S-Class (Concept You pictured) Volvo has done a lot right – and not much wrong – since Geely took over the reigns from Ford. With new cars like the V40, a new range of 4-cylinder engines and a new design direction – previewed by the stunning Volvo Concept Coupe – the Swedes look to be on a roll. But their strategy of pointing their cars at premium car lovers in the mainstream segment seemed to have taken a left turn with a revelation by Geely and Volvo Chairman, Li Shufu, who has declared Volvo are to build a luxury car to take on the might of the Mercedes S-Class, Audi A8, BMW 7-Series and Jaguar XJ.
BMW X3 xDrive35d & xDrive20i revealed: UK gets X3 xDrive35d
Sat, 06 Aug 20112012 BMW X3 Update: UK specs and prices added at the bottom – thanks BMW UK. The new BMW X3 is turning in to something of a star for BMW, as we discovered when we recently reviewed the latest X3, but the reveal of the 2012 BMW X3 X3 xDrive35d for the UK should make the X3 even more appealing. BMW has actually revealed two new X3s for 2012, but the UK won’t be getting the X3 xDrive20i because BMW UK has decreed that X3s in the UK are going to be diesel only.