Industry
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Saab is working on a new 9-6X with its Chinese partners but this 'Saabaru' will remain forever as just a museum piece.
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Audi Boss Confirms U.S. Production Plans: ReportThe last we heard, Audi was postponing its decision on U.S. production plans due to a shortage of sales and the need to develop a suitable supplier network to source parts locally. That was in the midst of the global financial crisis so it was understandable that the automaker was a little...
Viknesh Vijayenthiran -
Rolls-Royce Posts Record Sales In First Half Of 2011Bentley recently announced that business was booming, with its sales levels across the board rising by 20 percent at the end of June when compared with the same period one year ago. While a 20 percent increase in sales is impressive, Rolls-Royce has completely obliterated that result by announcing...
Viknesh Vijayenthiran -
Saab To Restart Production In August, Finalizes Real Estate DealSaab looks to be almost back in business, with the automaker announcing this week the finalization of yet another cash injection deal as well as a tentative August date for the restart of production at its main plant in Trollhattan, Sweden. Saab has announced that it has obtained final approval...
Viknesh Vijayenthiran -
Saab Announces New 9-1, 9-6X And 9-7, Finalizes Deal With Pang Da And YoungmanDespite all its financial troubles, Saab has come out and announced plans for the development of three brand new models on top of its next-generation 9-3 due out next year. The struggling Swedish automaker announced today that it has finalized its previous tentative deals made with Chinese firms...
Viknesh Vijayenthiran -
Bentley Sales Soar 20 Percent In First Half Of 2011Prior to the global financial crisis of 2009 and 2010, luxury automakers were basking in a period of record growth and sales. Even the ultra-luxury marques, such as Bentley and Rolls-Royce, were riding this crest of strong demand, seeing their sales levels reach new peaks. Then the crisis hit and...
Viknesh Vijayenthiran -
Yesterday we reported that Saab would receive $18.4 million by the end of this week from a mystery Chinese firm that ordered a total of 582 of its cars, allowing the financially stricken automaker to pay its employees’ wages and stave off a potential bankruptcy. Today, we have news that Saab will receive an additional $40 million from a Swedish real estate consortium led by Hemfosa Fastigheter. The latest deal is for the sale of 50.1 percent of Saab’s property assets, which includes the land on which its main plant and headquarters in Trollhattan, Sweden are built on. The Swedish...
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Ferrari Buyers Still Love Red, But More Colors Becoming PrevalentEveryone knows Ferraris are meant to be red, don’t they? Well, perhaps not as the number of Ferrari models leaving the factory in Maranello in the classic red paint scheme is on the decline. Just a decade ago, a whopping 85 percent of all Ferraris built sported red liveries. Today, that...
Viknesh Vijayenthiran -
Mystery Chinese Buyer Orders 582 Saabs, Helps Stave Off BankruptcyLate last week it was revealed that Saab couldn’t afford to pay its workers’ salaries and without any hope of a sudden inflow of cash would be forced into bankruptcy. Now, just several days on since that grim report it has been revealed that yet another Chinese party, this time...
Viknesh Vijayenthiran -
Aston Martin Presents Proceeds From Rapide Auction To ToyotaYou may recall that last month the CEO of Aston Martin, Dr. Ulrich Bez, auctioned off his Rapide company car in order to raise funds for the Japan earthquake relief effort. Bez, and his counterpart at Toyota, Akio Toyoda, are at the Nurburgring 24 Hours race taking place in Germany this weekend...
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Saab Can’t Pay Workers, Bankruptcy LoomingSaab’s recent announcements of partnerships with Chinese firms Zhejian Youngman Lotus Automobile and Pang Da Automobile has done little for its money woes, with the automaker announcing this week in a formal statement that it won’t be able to pay its employees’ wages due to a lack...
Viknesh Vijayenthiran -
Ford Plummets In J.D. Power Initial Quality; Honda, Lexus, Mazda SoarThe 2011 J.D. Power IQS sees lots of movement in the rankings, plus a general decline in initial quality due to advances in infotainment and fuel-economy programming.
Nelson Ireson -
The last we heard, Fisker had delayed the U.S. launch of its Karma plug-in hybrid luxury sedan yet again, this time until July, but now the company has come out and announced that it’s already hiring for its next major project. Back in 2009 Fisker acquired the rights to a former GM plant in Delaware, a plant that was previously responsible for the Pontiac Solstice, Saturn Sky and Opel GT range. Now, thanks to investments ranging into the hundreds of millions of dollars, Fisker is starting a hiring program for staff to work on the company’s second model: Project Nina. The plan for...
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Mercedes-Benz Bringing Mass-Produced Fuel Cell Cars To Market By 2014While the interest in hydrogen powered fuel cell vehicles has waned lately, due mostly to media’s attention centering on the latest generation of battery powered electric cars and plug-in hybrids, several automakers including industry giant Daimler are still backing their cause. Just a few...
Viknesh Vijayenthiran -
One day, your car may take away the keys if you're drunkDrunk driving is a big problem in America, accounting for up to 31% of all traffic fatalities in the country. For years, education and awareness campaigns have tried to address the issue, but could the real solution lie in teaching cars themselves to spot intoxicated drivers? The National Highway...
Richard Read -
Ford Backing Lincoln With $1 Billion Investment: ReportWe know Lincoln is planning to launch seven refreshed or completely new models between now and 2014, the first of which is expected to be the redesigned MKZ sedan due late next year, but achieving such a feat is no easy task. We’ve already seen Ford establish a crack team of 85 staff to sort...
Viknesh Vijayenthiran -
Infiniti Set To Make Appearance At 2012 Detroit Auto ShowIndustry cutbacks, especially in the areas of advertising and marketing, have taken more and more visible forms in the recent past as automakers chose to skip major shows including even the once prestigious Detroit Auto Show. In fact, some of the major brands that chose to skip an appearance at the...
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Could Maybach Be Spun-Off Into A Mercedes-Benz Sub-Brand?The future of the struggling Maybach brand is expected to be determined by as early as next month, with two major possibilities reportedly on the cards--either drop the brand altogether or tie-up with another automaker, most likely Aston Martin, and jointly develop a successor to the lackluster 57...
Viknesh Vijayenthiran -
Ford has made no secret of its desire to turn Lincoln into one of the country’s top-selling luxury brands once again and shed the image that its cars are simply gussied-up Fords designed for old people. As we’re sure Ford would hate to admit, there’s a lot of truth to that image. The average age of a Lincoln buyer, for example, is 62-years old, and many of its most popular models are in fact based on Fords. In the past year we’ve seen Ford commit to launching seven new or redesigned models between now and 2014, including for the first time a compact car. We’ve...
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Saab Gains Additional Partner In The Form Of China’s YoungmanSpyker CEO Victor Muller has been busy in China negotiating a deal with Zhejian Youngman Lotus Automobile to start building Saab cars in the world’s most populous nation. You may recall that Saab already has a deal with Chinese dealer group Pang Da Automobile but now all three parties have...
Viknesh Vijayenthiran -
Decision On Maybach Coming July 1, Says Dieter ZetscheThe fate of the struggling Maybach brand will be determined by as early as next month according to latest comments from Dieter Zetsche. Speaking at a recent press event, the Daimler boss revealed that the brand would either be dropped or launch a second generation of its uber-luxury sedan together...
Viknesh Vijayenthiran -
Volvo Working On Animal Detection Safety SystemWe’ve all heard of pedestrian detection safety systems but now Volvo is taking the concept to the next level by developing a version that can also detect animals. The project is the latest development in Volvo’s vision for 2020, a future in which accidents no longer occur thanks to...
Viknesh Vijayenthiran -
Luxury SUV Passengers Now Among Least Likely To Die In A CrashSUVs, once notoriously dangerous due to their tendency to rollover at high speeds, are now among the safest vehicles to travel in when fitted with the latest generation of electronic stability control systems, rollover mitigation technology and reinforced roofs. The finding is based on research...
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Onwards And Upwards: Lotus To Stop Production Of North American Elise/Exige In AugustAs most auto fans have heard plenty about, Lotus is in the process of a rather drastic overhaul, attempting to regain footing in the ranks of true supercar makers. Part of that process is developing new models like the Esprit and Eterne, and part of it is reworking older models for the future. The...
Chris Weiss