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Saab files for bankruptcy: the end of the Swedish saga
Mon, 19 Dec 2011Saab has reached the end of the road - for the second time in two years, just before Christmas. Parent company Swedish Automobile today announced that Saab had filed for bankruptcy. Owner and acting CEO Victor Muller had been trying to sell Saab as a going concern and had come close to signing a deal with Chinese car makers Pang Da and Youngman, but the deal was blocked by former owner General Motors which feared its technology - powering the new 9-5, plenty of the 9-3 range and the 9-4X - would fall into opposition hands in China.
Saab unions threaten bankruptcy action over unpaid wages
Thu, 23 Jun 2011Unions at Saab, which is unable to pay wages to its workers, threatened today to start a legal process that could end in bankruptcy for the iconic brand. The IF Metall and Unionen groups said they would send a formal demand for payment on Monday if their members had not received their wages. "Then the company has seven days to react," IF Metall representative Veli-Pekka Saikkala told Reuters.
New Infiniti Q50 starts at £27,950 for the Q50 2.2d
Wed, 26 Jun 2013Infiniti are pinning the new Q50′s sporting credibility on Sebastian Vettel (pictured) Infiniti are hanging their future sales on a name change that sounds like a James Bond reference – with all Infiniti models now getting the ‘Q’ prefix – and Sebastian Vettel’s input and endorsement of the brand – he’s Infiniti’s Director of Performance (well, there’s a price to pay for Infiniti’s Red Bull sponsorship). The first outing for Infiniti ‘Q’ in the UK is the new Infiniti Q50, which gets a four cylinder 2.2 litre turbo diesel as its entry-level, and it looks quite promising with 168bhp and 295lb/ft of torque and emissions of 115g/km, which should mean official economy around 65mpg. Standard features on the Q50 2.2d include Infiniti inTouch (so you can Tweet and Like on the go), Infiniti Drive Mode Selector, Stop-Start, rear view camera, Climate, 17″ alloys, Voice and Bluetooth.