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Nissan confirms IDx for production

Nissan will produce at least one of the IDx concepts shown at the Detroit auto show. Vice president Andy Palmer said at the show, “Don’t say that we won’t do both, but we will definitely do one of them.” That statement confused us a bit, especially with the positioning of Nismo as upgraded versions of the company’s normal cars. Surely, the Freeflow could be repainted and improved into a Nismo version.

Fiat's U.S. sales increasing with new ads, 500 Abarth interest

After a slow start, Fiat 500s are starting to move off of dealer lots, according to an article in the Detroit Free Press. Fiat executives claim that the public debut of the 2012 Fiat 500 Abarth at the Los Angeles auto show and some provocative advertising have led to increased interest in the Fiat brand. February was the best sales month yet for the model that Fiat chose to reintroduce Americans to sub-$100,000 Italian cars.

Saab unable to pay wages as financing crisis deepens

Saab'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.