Saved by Antonov: Saab Sells Production Facilities to Russian Banker to Get Cash

The Swedish government offered Saab conditional backing for a deal to free up cash for the company (see previous story here), whose production lines have been stopped for two weeks as Saab didn't pay suppliers. "We have decided to allow the Debt Office to conclude an agreement with Saab," said enterprise minister Maud Olofsson during a news conference on Friday. The government has approved a

Saved by Antonov: Saab Sells Production Facilities to Russian Banker to Get Cash

The Swedish government offered Saab conditional backing for a deal to free up cash for the company (see previous story here), whose production lines have been stopped for two weeks as Saab didn't pay suppliers. "We have decided to allow the Debt Office to conclude an agreement with Saab," said enterprise minister Maud Olofsson during a news conference on Friday. The government has approved a

Twit of the Day: Drunk Driver Finds Ideal Parking Space for his Range Rover Sport

A security camera in Russia caught a drunk driver in a Ranger Rover Sport climbing the doorsteps and parking the luxury SUV right in front of the entrance of an apartment building in Chelyabinsk, a city located to the east of the Ural Mountains, on Miass River. The intoxicated driver is seen in the security video stumbling out of the British SUV with a bottle in his hand. Read more »

Twit of the Day: Drunk Driver Finds Ideal Parking Space for his Range Rover Sport

A security camera in Russia caught a drunk driver in a Ranger Rover Sport climbing the doorsteps and parking the luxury SUV right in front of the entrance of an apartment building in Chelyabinsk, a city located to the east of the Ural Mountains, on Miass River. The intoxicated driver is seen in the security video stumbling out of the British SUV with a bottle in his hand. Read more »

Prime Minister Putin gets behind the Wheel of Russia's First Hybrid Car

When he's not driving a Renault Formula 1 car or a locally-made Chrysler Sebring, Russian prime minister Vladimir Putin test drives hybrid cars – or at least that's what he did on April 1 (no, really), when he got behind the wheel of the country’s first hybrid vehicle, the Yo-Mobile. Built by Yo-Auto, a joint-venture between truck maker Yarovit Motors and Onexim Group, the company of Russian

Prime Minister Putin gets behind the Wheel of Russia's First Hybrid Car

When he's not driving a Renault Formula 1 car or a locally-made Chrysler Sebring, Russian prime minister Vladimir Putin test drives hybrid cars – or at least that's what he did on April 1 (no, really), when he got behind the wheel of the country’s first hybrid vehicle, the Yo-Mobile. Built by Yo-Auto, a joint-venture between truck maker Yarovit Motors and Onexim Group, the company of Russian

Prime Minister Putin gets behind the Wheel of Russia's First Hybrid Car

When he's not driving a Renault Formula 1 car or a locally-made Chrysler Sebring, Russian prime minister Vladimir Putin test drives hybrid cars – or at least that's what he did on April 1 (no, really), when he got behind the wheel of the country’s first hybrid vehicle, the Yo-Mobile. Built by Yo-Auto, a joint-venture between truck maker Yarovit Motors and Onexim Group, the company of Russian

Prime Minister Putin gets behind the Wheel of Russia's First Hybrid Car

When he's not driving a Renault Formula 1 car or a locally-made Chrysler Sebring, Russian prime minister Vladimir Putin test drives hybrid cars – or at least that's what he did on April 1 (no, really), when he got behind the wheel of the country’s first hybrid vehicle, the Yo-Mobile. Built by Yo-Auto, a joint-venture between truck maker Yarovit Motors and Onexim Group, the company of Russian

Fiat to Introduce Two New Dodge-Based Sedans in China and Russia by 2013

As time goes by, Fiat SpA’s integration with the Chrysler Group LLC deepens and the results become more evident with the two carmakers making several plans for the future. Speaking at Fiat's annual shareholders meeting on March 30, Fiat and Chrysler CEO Sergio Marchionne revealed plans to launch two new Dodge-based sedans in China and Russia. The first sedan will be a compact model built on the

Fiat to Introduce Two New Dodge-Based Sedans in China and Russia by 2013

As time goes by, Fiat SpA’s integration with the Chrysler Group LLC deepens and the results become more evident with the two carmakers making several plans for the future. Speaking at Fiat's annual shareholders meeting on March 30, Fiat and Chrysler CEO Sergio Marchionne revealed plans to launch two new Dodge-based sedans in China and Russia. The first sedan will be a compact model built on the

Fiat to Introduce Two New Dodge-Based Sedans in China and Russia by 2013

As time goes by, Fiat SpA’s integration with the Chrysler Group LLC deepens and the results become more evident with the two carmakers making several plans for the future. Speaking at Fiat's annual shareholders meeting on March 30, Fiat and Chrysler CEO Sergio Marchionne revealed plans to launch two new Dodge-based sedans in China and Russia. The first sedan will be a compact model built on the

Fiat to Introduce Two New Dodge-Based Sedans in China and Russia by 2013

As time goes by, Fiat SpA’s integration with the Chrysler Group LLC deepens and the results become more evident with the two carmakers making several plans for the future. Speaking at Fiat's annual shareholders meeting on March 30, Fiat and Chrysler CEO Sergio Marchionne revealed plans to launch two new Dodge-based sedans in China and Russia. The first sedan will be a compact model built on the