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Spyker warns that Saab's future is 'uncertain' without fresh funds
Fri, 01 Apr 2011Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing. In its annual report released today, Spyker said the company's "continuity" could become uncertain unless it secures extra funds to finance ongoing operations and the execution of its business plan. Earlier this week, Saab was forced to shut down production for short intervals after key suppliers halted parts deliveries for non-payment.
Opel to shed upscale pricing in effort to win back core customer
Thu, 21 Jun 2012Opel/Vauxhall is reversing its upscale pricing strategy and will make its cars more affordable to win back buyers, CEO Karl-Friedrich Stracke said. "We need to regain our traditional customer base," Stracke told the Automotive News Europe Congress in Monte Carlo on Thursday. "We moved Opel up too quickly.
AT&T Labs and Carnegie Mellon develop GPS-enabled haptic steering wheel
Fri, 30 Mar 2012AT&T Labs and Carnegie Mellon University have developed a new GPS-enabled steering wheel prototype that incporporates haptic technology. For those who need a quick refresher, haptic technology is a feedback system that uses vibrations to provide alerts, for example vibrating mobile 'phones or your games console controller. Here the tech is used to alert drivers when navigation maneuvers are approaching, with the steering wheel syncing with GPS-enabled computer systems.
