Latest News
Some Toyota Prius and Lexus hybrid cars to be recalled due to a defect.
Guinness accept Bugatti Veyron as the "world's fastest production car".
Mitsubishi to debute plug-in hybrid with four-wheel-drive in Paris.
** SAAB car makers filed for bankruptcy. **.
SAAB the Swedish car maker had filed for bankruptcy recently after they saw no more funding or financing to run the 74 year old company. The company was owned by a Dutch company. Little number of cars came out of the line in April and the production ceased at all after the GM announced that they are not in the position to fund the struggling car company Saab.
Earlier, American Company General Motors sold the SAAB to Swedish Automobiles in the year 2010 where the SABB got a work force of more than 3,500 employees.
The SAAB was a good selling brand in Europe and allover the world. In the year 2006 only it sold nearly 133,000 cars and then it started to slide year after year and last year 2010 they made out only around 30,000 cars to the auto market.
The Company executives are waiting for the court order to come in which they had filed in a district court of Sweden. ** Apetra Motors Shut Downed. **.
Much expected Electric car startup Aptera Motors said that they are closing the business after finding difficulties in getting financial support.
The Californian based was expecting much support from the DOE and other private investors to finance its production program. They were in the plan to produce 3 wheel cars with different looking design of their own. The main aim of the car was to give more mileage by the Aptera Motors.
Before the closer of the company on 2nd Of December 2011, they paid back the money which the customers had booked for their electric car Aptera 2E.
Ford to build new plant in India.
** Rolls-Royce motor cars expand its presence in India. **.
Rolls-Royce cars are seen as prestigious think to own by the rich Indians. So its car sales are thriving in India. To attract more high class Indians the company had moved its show room to a bigger one at Mathura Road in the Indian capital New Delhi. The sixth new Rolls-Royce model the Ghost Extended Wheelbase is proudly been show cased at this new showroom where clients have lot of selection for the interior of their Rolls-Royce models.