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General Motors to shut down Saab
Fri, 18 Dec 2009General Motors has announced that it will be closing the Saab brand after the company was unable to strike a deal with Spyker Cars. This follows from last month's withdrawal of would-be suitor Koenigsegg, leaving Spyker the sole contender in the acquisition of the ailing Swedish brand. According to Nick Reilly, GM's European president, the company has decided to cut its losses: "Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time.
Tesla uses data to refute New York Times report
Thu, 14 Feb 2013Tesla Motors CEO Elon Musk says data don't lie. He's using information from a Model S loaned to New York Times writer John M. Broder to dispute a report the electric sedan didn't deliver enough driving range to take advantage of Tesla's Supercharger stations in the Northeast.
Audi’s new A1 range (2010): the latest news
Tue, 13 Oct 2009By Tim Pollard Motor Industry 13 October 2009 09:38 Audi top brass last night outlined plans for the 2010 launch of the new Audi A1 family, including a whole range of A1 hatchbacks and potentially A1 estates, convertibles and small 4x4s. The Audi A1 will be positioned slap bang against BMW’s burgeoning Mini family when UK sales begin in autumn 2010, priced from around £11,000. The new A1 three-door hatch will be unveiled first at the 2010 Geneva motor show, with continental sales kicking off next summer.