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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.
New Kia Carens gets new range-topper – the Carens 3 Sat Nav
Tue, 01 Oct 2013New Kia Carens gets new range-topper – the Carens 3 Sat Nav But it seems Kia’s customers are shouting out for something that offers more standard equipment than the regular, not very inventive, trim levels of 1, 2 and 3, so Kia has decided to add a fourth option – the Kia Carens 3 Sat Nav to the range. The Carens 3 already comes with a decent enough spec – including panoramic roof, 17″ alloys, leather, heated seats, second row sun blinds and colour reversing camera – but the 3 Sat Nav adds a 7″ touchscreen SatNav and new audio system with 8-channel amp and sub woofer offering a better sound experience for all occupants. The Carens 3 Sat Nav is only available with Kia’s 134bhp 1.7 litre CRDI with 6-speed manual ‘box and costs from £24,845.
Green car of the year finalists chosen
Fri, 18 Oct 2013Green Car Journal named its top-five green cars for 2014 on Thursday, tapping the Audi A6 TDI, BMW 328d, Mazda 3 hatchback, Honda Accord and the new Toyota Corolla as its finalists. The winner will be announced at the LA Auto Show. Green Car likes the Audi A6 TDI due to its unexpected performance in a high-efficiency vehicle.
