Omega 1276 Steering Pressure Hose-pressure Line Assembly on 2040-parts.com
Philadelphia, Pennsylvania, US
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Saab says it will restart production after securing short-term loan
Mon, 02 May 2011Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.
Crunch watch October 09: the auto industry in crisis
Thu, 29 Oct 2009Tuesday 20 October 2009• Honda's CEO said he would consider launching electric vehicles for sale in Europe, Japan and the USA in a possible change of strategy for the Japanese car manufacturer (Automotive News, subscription required)• Ford 59-plate car sales up by 22% in September ‘09 compared to the same month last year. Ford claims a 14.8% share of total new car sales for the same period (Ford)• Porsche, VW and Daimler all sent top executives to the Shanghai motor show in April, but chose to snub the Tokyo motor show this week. The news comes as China’s automotive market is set to become the world’s largest (Bloomberg)• Toyota enters the Korean car market, challenging the 72% market share owned by Hyundai Motor Co (Bloomberg) Monday 19 October 2009 • The organisers of the Geneva motor show claim that 'all of the major manufacturers have already confirmed their participation' for the March 2010 event (Geneva Palexpo)• Jaguar is auctioning off the first XJ off the line to raise £1m for the NSPCC children's charity.
Guangzhou Academy of Fine Arts Degree Show 2010
Mon, 25 Oct 2010China's Guangzhou Academy of Fine Arts held its annual degree show in the school's Art Museum recently, showcasing the works of 16 transportation design students created over the course of the four year program. Divided into two parts, students were asked to design a solution for the increasing problems caused by the rapid development of car consumption in China. The projects consisted of a partnership project with Guangzhou Automobile Group Engineering Institute (GAEI) as well as the student's individual projects.