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Change afoot at Saab as CEO retires: where next?
Mon, 28 Mar 2011Click here to see all 2011 Saab articles Saab CEO Jan Åke Jonsson announced his retirement on Friday. It was yet another small but significant news nugget from Saab – the inbox has buzzed with announcements ever since the bankrupt car maker was saved by an independent takeover on 23 February 2010. The news that Saab's veteran CEO is stepping down makes us wonder what life's really like under the bravado of Europe's newest independent car maker.
2014 Subaru WRX STI revealed – and it’s coming to the UK
Wed, 15 Jan 20142014 Subaru WRX STI revealed – and it’s coming to the UK We learnt last week that the new Subaru WRX STI was heading for a debut at the Detroit Auto Show and it’s now arrived, as has confirmation that the new WRX STI is going on sale in the UK too. Subaru UK has confirmed that because the Yen has weakened there’s now a strong enough case to put the new WRX STI on sale in the UK, and that it will cost less than the original list price of the old model at £28,995. The new WRX STI gets the familiar 2.5 litre four-pot delivering 305bhp and 290lb/ft of torque, sent to all four wheels through a six-speed manual gearbox.
News watch December 2010: today's auto industry news
Sun, 31 Oct 2010Welcome 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-hourFriday 31 December 2010• A judge in Manhattan has dismissed two lawsuits from hedge funds claiming for $2bn losses when it bought VW shares in 2008. Elliott Associates LP, Black Diamond Offshore and 39 other funds filed a complaint, claiming Porsche misled short-sellers who hadn't realised that Porsche had cornered the market in VW shares (Automotive News)Thursday 30 December 2010• Volvo plans to hire an extra 200 staff as it claims demand for its cars is rising.