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Lexus HS 250h
Sat, 17 Jan 2009Toyota's Lexus division unveiled the HS 250h at the 2009 NAIAS. The new mid-sized hybrid will sit between the smaller IS and larger ES models in the company's portfolio, bearing an all-new design with a best-in-class drag coefficient of 0.27 (better than that of the new Prius). For additional details on the new car and to see our own unique photographs, read our 2009 Detroit Auto Show Highlights. Related Article: Lexus HS 250h - Detroit 2009
Saab: On the edge of oblivion
Thu, 23 Jun 2011Saab go in to meltdown We’ve had a statement in from Saab this morning telling us that they are now unable to pay their staff until they manage to get a bit of funding in. Didn’t they just get a pile of Euros in from Panga Da for a boat full of Saabs? According to two previous statements from Saab they received €30 million Euros at the end of May for 1,300 Saabs ordered by Pang Da, and another €15 million for a further 650 cars a week later.
Saab files for reorganization, seeks $1 billion to survive
Fri, 20 Feb 2009Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process. The General Motors-owned Swedish brand said it will work "to create an independent business entity" and will concentrate production, design and engineering in Sweden. Saab said it would continue to operate as normal during the reorganization process, with GM and the Swedish government providing some support.