Parkit360 Force 10k Trailer Dolly on 2040-parts.com

The Saab Saga – now it’s a share sale to raise cash

Saab Saab sell shares to GEM Global We’re not really sure we see how on earth the announcement from Saab that they are selling shares to raise funds is going to work. But we’ll report it anyway. The information we have is that Swedish Automobile is going to issue shares to help pay the outstanding bills it has, and to meet unpaid salaries for white collar workers.

Euro Car Parts sold for £225 million

Euro Car Parts Sold for £225 million There was a time, a very long time ago, where Euro Car Parts was an almost hidden secret, supplying manufacturer standard parts for higher end cars at prices that were much more affordable. The key to Euro Car Parts success was supplying parts which seemed to be sourced from the same suppliers as the car maker itself, but sold without the same huge margins. This writer was an avid fan of Euro Car Parts as a struggling young dad with a penchant for cars he couldn’t really afford; Euro Car Parts – and weekends with a toolbox and oily hands – kept a succession of luxury and performance cars on the road on a shoestring, but without compromising quality.

GM and PSA sign a global strategic alliance (2012)

GM and PSA Peugeot Citroen this evening announced a 'long-term and broad-scale global strategic alliance' which will see the three brands co-develop cars in Europe and, in some cases, globally. Opel/Vauxhall and Peugeot Citroen will start sharing vehicle platforms and components, with the first jointly developed models expected by 2016. The focus will be on small and medium sized cars, MPVs and crossovers, but could in future stretch to include vans and commercial vehicles.