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Spyker slaps GM with $3 billion lawsuit
Mon, 06 Aug 2012Spyker, the Dutch supercar firm and owner of Saab, hit General Motors with a $3 billion lawsuit Monday, claiming GM forced Saab into bankruptcy and interfered with a potential deal with Chinese investors that could have saved the company. Spyker is suing on behalf of Saab, assuming legal costs in exchange for a significant proportion of any potential award. Saab went into bankruptcy in December 2011.
Demise of kei cars on the horizon?
Tue, 10 Jun 2014The kei car has long been a staple of the Japanese automobile industry and its car culture. Too diminutive for Western markets, the tiny cars and trucks are a strong influencer of design in Japan. Now, as The New York Times reports, the Japanese government has hit kei cars with increases in sales tax, gasoline prices and has reduced the kei car tax break introduced to make the cars popular in the first place by 50 percent.
Jaguar Land Rover: Too expensive to build cars in India
Mon, 17 Dec 2012Tata boss Ratan Tata has said that building Jaguar Land Rover in India is impossible at the moment because of silly taxes. With the rise and rise of Jaguar Land Rover, you’d imagine that full scale production of both Jaguar and Land Rover models would be a given in India. But it seems not.