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Audi e-bike glides in to Worthersee
Sat, 19 May 2012Audi e-bike - a desirable object The Audi e-bike – a high-end pedalec – has been revealed at Worthersee and designed for sport, fun and tricks. If you’re going to make any form of transport work with an electric motor, then it’s really only sensible to make the EV bit just one part of the equation. That’s why range-extender cars are the only really viable alternative to a regular ICE car – if you ignore the extra cost – and why an electric bicycle makes so much sense.
Saab unable to pay wages as financing crisis deepens
Fri, 24 Jun 2011Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.' While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.
2015 Mini Cooper spotted in the wild?
Wed, 14 Aug 2013We caught what certainly appears to be the next Mini Cooper while driving around Santa Monica. The 2015 Mini won't be terribly different from the current one. It still retains its contemporary, instantly recognizable Mini shape, and its contrasting roof paint.