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Ontario, California, US
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Volkswagen Up (2012): first photos of VW's mini
Sun, 21 Aug 2011Almost four years to the day after we first saw the VW Up concept car, Volkswagen is unveiling the real thing: this is the new VW Up city car, on sale in UK dealers in spring 2012. Forget the official, trendily informal name 'up!'. I'm afraid CAR's going to overrule the grammatical violations and call it the good old Volkswagen Up.
Vauxhall Adam gets new 1.0 litre 3-cylinder engine, Cascada new new 1.6 SIDI turbo with 197bhp
Thu, 08 Aug 2013Vauxhall Adam & Vauxhall Cascada get new engines Vauxhall (and Opel, for that matter) are on a mission to fit new, more powerful and more efficient engines in cars across their range, and new engines are on their way for the Vauxhall Adam and the new Cascada. The Vauxhall Adam gets a new 1.0 litre 3-cylinder engine from GM’s SGE (Small Gasoline Engine) family that will ultimately offer 3 and 4-cylinder engines up to 1.6 litres. The 1.0 litre 3-pot for the Adam gets 113bhp and 122lb/ft of torque (it’s Vauxhall’s take on the hugely successful 1.0 litre EcoBoost Ford are busy introducing across their range) mated to a new six-speed gearbox.
Saab unable to pay wages as financing crisis deepens
Fri, 24 Jun 2011Saab'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.
