Saab is officially bankrupt, Parent company Swedish Automobile announced right now. The firm has been in difficulty given that April, when it ran out of money, couldn’t pay its suppliers and had to quit creating vehicles. Nonetheless, after eight months of negotiations it looked as if Saab was going to be saved after a sale was agreed with Chinese manufacturer Youngman and distributor Pang Da. Sadly that quite deal fell through, triggering the bankruptcy. The deal was mainly referred to as off due to General Motor’s refusal to have their patterns and technological innovation used by the Chinese. General Motors spokesman Jim Cain told Automotive News that Saab had not been ready to reassure GM that its technologies would be secure in the sale to the Chinese.
A brief explanation: General Motors when owned Saab, but put it up for sale in 2009 when GM itself was in monetary trouble. By that time Saab had developed the new 9-5 and 9-4X using largely GM components in their underbodies, suspensions, powertrains, and electronics. Then In early 2010, Saab was purchased from GM by Victor Muller’s investment firm, which also owned small supercar maker Spyker. However, when Muller agreed on the sale to the Chinese, GM then made a decision it wouldn’t let its models go to China. GM feel that copyright protection is as well weak in China and its technologies would be pirated. This poses a massive threat to GM as they manufacturer other cars using the same methods – the Insignia, Astra, new Zafira and their US and Chinese equivalents.
With bankruptcy, Muller has said he will not get any money out of Saab. Creditors will scrap above the remaining value left from the company’s tools, equipment and premises and they will not get a lot nor will its employees.
Read the official Statement beneath:
It might have been a even though because we last showed you a “Manufactured in China” doppelganger, but rest assured, the economic giant from Asia, by no means sleeps.
As if it weren’t troublesome enough that China reaps all the benefits of free of charge trade to sell its goods all over the place while enforcing all variety of rules when it comes to imports (did you know, for example, that only 20 foreign films are allowed for release in China each and every year?) or opening a local organization, the country has also established notoriously lax patent and copyright laws.
Whilst not in substantially large numbers, several Chinese businesses have targeted the automotive sector creating various knock offs of European and Japanese vehicles. Longtime Carscoop reader John F.T. from Norway* discovered yet yet another copy while browsing on a neighborhood on the web marketplace.
This time the victim is the Toyota iQ, which will be sold from this fall as the 2012 Scion iQ in North America. Here’s what John informed us:
Incoming search terms:
- A136 scion
Photography by VWFashion.com / Words by VWFashion.com & John Zhang for Canibeat.com
It was a blistering summer time day final Sunday in Beijing, china. This even so didn’t quit a huge congregation of stunning and fitted autos coming together for a meet organized by vwfashion. This was a day only for the devoted although as there was no shade in sight to safeguard the spectators from the sun. This meet was a best of what happens when true car enthusiasts gather collectively in one particular location.
VWfashion.com set up this meet and apparently they did an brilliant job! There have been hundreds of cars at the show and shine section, countless hot females had been either posing around autos or handing out flyers/raffle tickets, and a live DJ was also taking care of the entertainment. And of course, there were dozens of VWfashion staff to retain almost everything in a smooth order. It is also always wonderful to see the massive quantity of DSLRs capturing the amazing cars.
We all nonetheless can not believe how fast the Chinese vehicle tuning scene has grown in current years. We are actually amazed by all the quantity builds. If you ask us how many vehicles showed up that day we would have to admit that we have however to count. Some would say somewhere in between 200 to 400 cars showed up. As you may possibly discover there was fairly a very good diversity of distinct a the meet: from domestics to imports from JDM to Euro/VAG from Shelby GT500s to Ford Concentrate and from mini cooper to Audi R8, this meet had it all!
Now let’s speak about the most essential component of the meet: good quality. When you claim a thing that is “made in China” in the western planet, most of individuals will automatically address to a thing that is cheap, less quality, or not reliable. Don’t lie, we knew about it, haha. However, regardless of the truth when Chinese guys modify their automobiles they are dead significant. We barely saw anything replica-connected all through the entire meet, instead, we saw tons of most baller parts you could discover: Schmitz, HRE, Eissenmann, Volks, BBS LM’s, CCW’s, Voltex full kit, APR widebody, Bentley Wheels, ABT bodykit, Vossen, Cosworth, Air-runner system… the list was never ever ending. We know the brand doesn’t necessarily contribute to the quality of modded vehicles, but the photos will do the speaking. All we can say is, they roll tough in Beijing.
Incoming search terms:
- SuperfrEZh audi
Swedish Automobile N.V. (formerly known as Spyker Automobiles N.V.) announced right now that an undisclosed Chinese corporation placed an order to purchase 582 Saab autos with a total worth of EUR 13 million ($ 18.5 million USD) from Saab.
The payment for these vehicles will be received this week enabling Saab with short-term funding to pay the wages to its staff and make partial supplier payments.
“I am pleased to announce this agreement, as it secures part of the needed short-term funding for Saab Automobile and allows us to pay our employees’ wages just before the end of this month,” said Victor Muller, CEO of Saab Automobile and Swedish Automobile. “The management of Saab Automobile is deeply committed to the company and its employees. I respect the decision of the union members to resign from the board of Saab Automobile. We really significantly regret the latest money shortage which is causing undeserved hardship to all and we are working relentlessly to resolve the current scenario. We hope to secure added short-term funding, essential to reach agreement with all of our suppliers to restart production, soon.”
Photo Copyright © 2010 Omar Rana – egmCarTech.
Incoming search terms:
- swedish automobile n v
2009 BYD F3DM – Click above for high-res image gallery
Are Chinese cars nothing more than cheap copies of more successful automakers’ products from other parts of the world? That’s a question that has been asked rather widely for the last several years as the numbers of large Chinese automakers has risen dramatically – even more so as they have shown their wares at major auto shows outside their home country.
There is certainly no doubt that many, if not most, cars rolling out of factories in China bear a striking exterior resemblance to popular models from Japan, Europe and the United States. But do those exterior facsimiles go more than skin deep, and if so, does it matter? What about the actual guts of the vehicles – are Chinese automakers creating their own important new technologies, especially in the burgeoning eco-friendly segment?
These are the questions bandied about in a special report from Reuters, targeted specifically in the direction of BYD, the Chinese automaker that has been buoyed by major investments and backed by Warren Buffett. The big draw for Buffett and his money was BYD’s proprietary battery technology, which it uses on its own plug-in vehicles, some of which are supposedly coming to America.
Reuters, citing documents it received by a third party from WikiLeaks, is charging that BYD’s battery tech may not be all its cracked up to be, and that sales of its EVs are painfully slow. Further, officials such as Guanzhou Consul-General Brian Goldbeck reportedly said two years ago that BYD’s vehicles may pass China’s lax copyright laws, but aren’t likely to do so in other countries.
Just as damningly, unnamed consultants claim BYD’s vehicles are very unlikely to pass U.S. safety standards, saying of one of BYD’s models, “If you shut the doors too hard, they fall off.” Removable doors? Not good. Some automakers polled by Reuters claim that BYD requests just enough parts from reputable suppliers to reverse engineer the designs and then assembles them itself using inferior materials.
Incoming search terms:
- byd future
- chinases byd future?
- the future of byd
Stealing a scene from the Jetsons, our little fluorescent green sedan zooms down the Autobahn at triple-digit speeds, puffing little white plumes of water vapor in its turbulent wake. While this animated family of the future cruised in a bubble-top “capsule car” (it folded conveniently into a briefcase, if you recall), we are whisking through Europe in a hydrogen-powered B-Class F-Cell.
The prime-time Jetsons sitcom was penned by artists in a Hanna-Barbera animation studio in the early 1960s. Not so our transport. The compact F-Cell was engineered and built by the team at Mercedes-Benz – the same German company credited with building the world’s first combustion-powered automobile 125 years ago. This morning, the automaker is leading the charge to introduce the world to hydrogen as it feels the clean technology is finally mature enough for widespread use. Engaging the media to drive its point home, the company has launched an around-the-globe excursion called, appropriately enough, the “Mercedes-Benz F-Cell World Tour.” We’ve been invited to take the wheel during the first leg to Paris, starting at the company’s headquarters in Germany.
Stuttgart is unpleasantly cold in the middle of winter. It’s the crack of dawn, the sky is clear and the ambient temperature hovers at about 15 degrees Fahrenheit. I’m standing in the middle of a large, ice-laden concrete parking lot next to a bright green Mercedes-Benz B-Class sedan. The location is the automaker’s plant in Stuttgart-Möhringen, Germany. Thankfully, I’m not the only person out here.
Local media, documentary crews, dignitaries (including Daimler AG board member Dr. Thomas Weber) and a long list of support personnel are also shivering alongside me. In a scaled-down version of NASA activity minutes before a shuttle launch, engineers and staff are triple-checking each of the three small hydrogen-powered vehicles as we prepare to start our globe-circling journey on the Mercedes-Benz F-Cell World Drive.
As previously reported, Renault recently suspended three senior managers on suspicion of industrial espionage, related to the manufacturer’s upcoming electric cars. Naturally, the situation begs an obvious question: whom were they spying for?
On Friday, French legislator Bernard Carayon dropped the bombshell, by saying that “proven, diverse and reliable” sources suspect Chinese involvement in the matter.
“There are in effect several sources that are typically thought to be serious who consider that a Chinese buyer is in fact behind this operation”, said Carayon, a member of President Nicolas Sarkozy’s conservative party, on France-Info radio.
The Sarkozy administration declined to comment on Mr. Carayon’s statement and, according to an inside source, the country’s counter-terrorism agency, DCRI, has not yet been involved in the matter.
Meanwhile, Renault didn’t release too many details about the affair, simply stating that it plans to take legal action against the three former company officials, whose identities will be preserved in accordance to the labor laws.
Incoming search terms:
- Powered by Article Dashboard harley davidson golf cart