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Youngman and Turkish Government Interested in Saab Assets
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It’s probably not surprising, but considering the money it’s already put out to try and save Saab, China’s Zhejiang Youngman Lotus Automobile Co Ltd, is still interested in acquiring what assets it can
2013 Volvo V40 Spy Photos
Just last week Volvo first confirmed the existence of the V40 (previously believed to be called the V30) and now we have the very first spy photos of the compact Swedish machine. Set to replace both the S40 and V50 wagon, the V40 is being built as a rival to the Audi A3 Sportback and…
Saab Files for Bankruptcy
Saab’s financial rollercoaster seems to have come to what many have speculated would be its inevitable conclusion, with the Swedish automaker today announcing it has filed for bankruptcy with the District Court in Vänersborg, Sweden. The news comes as Saab was seeking to reorganize, with the struggling car maker desperate to arrange funding. The most…
Volvo C70 Inscription Package Priced from $3,900
Details and pricing for Volvo‘s 2012 C70 Inscription package have finally been announced with pricing set at $3,900 for the package and will be limited to just 500 units in North America, 2,000 in the world. The C70 Inscription adds subtle modifications to Volvo’s C70 hardtop convertible, adding horsepower, torque, plus interior and exterior accessories….
Volvo V40 Teased
Volvo is angling in on BMW and Audi territory with a new five-door hatchback meant to target the same market as the 1 Series and A3 Sportback. Stephan Jacoby, Volvo’s CEO, showed the first teaser photos of the car originally rumored to be called the V30. That speculation was corrected today, in fact the car…
Subaru, Volvo Come Up Big in Latest Insurance Institute for Highway Safety Awards
The Insurance Institute for Highway Safety’s awards can make or break a car’s future, something Subaru and Volvo know quite well. Both manufacturers get to tout top honors in 2012 thanks to their safety-conscious cars. Subaru is now the only manufacturer that can claim IIHS Top Safety Picks for every one of their models. Subaru…
Koenigsegg CCX Crashes In Long Island
Nothing brings a tear to the eye quite like seeing an exotic involved in a car crash. This Koenigsegg CCX was sighted in Long Island, wrecked, appearing to have left the road after contact towards the front of its door panel. The exotic reportedly belongs to a Long Island-based car collector, known for his passion…
Volvo V60 Plug-In Hybrid Revealed
Volvo says it plans to build just 1000 V6 Plug-in Hybrids for 2012, all will be aimed exclusively at European customers and all of them will be finished in just one exterior color; Electric Silver.
Saab Gets Last Minute Payment to Help Keep it Afloat
Youngman has repeatedly tried to buy into Saab, but the latest deal was vetoed by General Motors, which still owns licenses for Saab technology.
Saab Turning To Youngman For Loan In Order To Avoid GM’s Approval
Saab‘s clock is ticking quickly to find a way out of bankruptcy with just a “very few days” left to find a loan. Unfortunately, General Motors has been playing a vital role in blocking Saab from selling any of the company to a Chinese automaker, forcing Saab to try to find a loan. Since Saab…
Saab Could Lose Court Protection From Creditors
Saab has officially been struggling for two whole years now, since its problems first came to light in December, 2009. With time, it has seen some positive developments, but things don’t look any better for the foreseeable future. A few months ago, Saab had received a court order that prevented its creditors to push the…
Pang Da Still Interested In Saab
It seems like there’s more people involved that are interested in saving Saab than there are interested in purchasing their vehicles. Nonetheless, the drama continues to unfold as we reported yesterday that the Bank of China would come to save Saab, but the Chinese firm Pang Da is still expressing interest. Pang Da is still…
Chinese Bank May Come To Saab’s Rescue
Comments Off on Chinese Bank May Come To Saab’s Rescue
Saab’s sob story saga might be coming to an end, though the information surrounding their pending acquisition is murky at best. Rumors swirled quickly around the media yesterday that the Bank of China, fourth-largest by market value had planned to acquire just under 50 percent of the company. Those reports are now being corrected— it’s a bank in…
Bank of China Tipped as Latest Saab Savior
Although Saab has been struggling for the past year, don’t bet against it. All but doomed when GM sought to stop Saab’s deal with the Chinese Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co., Youngman is now proposing a new deal with Bank of China, the country’s fourth largest bank by market…
Koenigsegg Agera R Sets Guinness World Record For 0-300 KM/H Time [Video]
It was only a few months ago when we reported that the Koenigsegg Agera R had set record breaking times in acceleration runs from 0-200 mph and 0-300 km/h (0-186 mph). Now these figures have been verified by the Guinness Book of World Records, and it has named the Agera R as the fastest accelerating…
Volvo Plans To Add 10,000 Jobs By 2020
In order to handle the projected growth, Volvo is planning to open up a manufacturing facility in Chengdu in 2013, which will boast some 3,000 employees and a maximum capacity of some 150,000 vehicles per year
Saab Suitor Vladimir Antonov Arrested In England
Vladimir Antonov, the Russian “businessman” who attempted to buy Saab earlier in the year, has been arrested in England over charges of involvement in a massive money laundering scheme in Lithuania. Antonov, owner of Portsmouth F.C. (a British soccer team) and his partner Raimondas Baranauskas, were released on bail and ordered to surrender their passports. Both…
Saab Fans Occupy GM Facebook Page
Even as the Occupy movement is being disbanded around the world, one branch of the movement just had a resurgance, as Saab fans “occupied” the Facebook page of General Motors. Saab fans blame GM for holding up the sale of Saab to their potential saviors – whoever they may be (so far it’s been Russian businessmen, American…
Volvo Looking To Refine Image With Redesigned Styling And High-Tech Engines
Over a decade ago, Volvo’s vehicles were known to be some of the safest on the planet, but were seen as boring and economical family sedans. Then they tried to change their image some by adding sportiness to their models and turning towards premium vehicles and even adding some luxury to their brand. Now it…
2014 Volvo XC90 Teased in New Design Sketches
We now have a better idea of what Volvo’s next generation XC90 may look like thanks to a quartet of sketches the Swedish automaker has released to the public. Reports are that Volvo intends to release its new XC90 sometime in 2014 and it should incorporate the automaker’s new Scalable Platform Architecture. Few details are available…
Saab 9-4X May Be The World’s Rarest New Vehicle
An article in Automotive News proposed that the Saab 9-4X crossover may be the world’s rarest new vehicle on sale. Although Saab had planned to sell between 15,000 and 20,000 examples globally this year (with half of sales conducted in the United States), a mere 194 have been sold through October in the United States….
Volvo Dealers to Offer Polestar Software Upgrades on Select Models
Polestar, Volvo‘s racing outfit founded in 1996 for competition in the World Touring Car Championship, will finally be introduced in the United States. Specifically, Polestar is offering a factory-authorized performance tuning software for Volvo C30, C70 and S40 models that are 2008 and newer and fitted with the T5 engine. Priced at $1,295, the software…
Volvo C70 Inscription Edition to Bow at Los Angeles Auto Show
Limited to just 2,000 vehicles worldwide, Volvo has announced that it’ll be showing off the new C70 Inscription Edition at this year’s Los Angeles Auto Show. The C70 Inscription Edition features a painted front grille, black 18-inch wheels, LED daytime running lights surrounded by chrome, while the interior gets Sovereign Hide upholstery, a leather dashboard…
GM Threatens to Halt 9-4X Production for Saab Pending Sale to Chinese Automakers
General Motors has announced that it will cut ties with Saab over its pending sale to two Chinese automakers. The threat has some very real consequences with GM stating it would cease manufacturing of the 9-4X crossover for Saab, as well as stop delivery of the parts it currently supplies the Swedish automaker with. “Although…
