Filed under: China , Government/Legal , GM , Saab , Earnings/Financials A court hearing on Monday, December 19 will decide whether Saab remains shielded from creditor claims. If the judge decides to end the reorganization and make Saab face its investors, then Victor Muller and Co. will have a week or so to find an astronomical sum of cash if they want to keep the company operating.
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Report: GM turns down newest Saab proposals as hope dims
Filed under: Performance , Europe , Motorcycle Ducati holds a special place in the superbike world of melt-your-retinas speed, and the introduction of the company’s new 1199 Panigale ensures that the Italian manufacturer won’t be giving up that spot any time soon. In addition to shedding 22 pounds from the curb weight of the 1198, the new Panigale cranks out 20 more horsepower than the old machine, as well. The Superquadro twin-cylinder engine generates 195 horsepower, which should be enough to propel the 361-pound machine to well past the brink of sanity.
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Official: 2012 Ducati 1199 Panigale range bows at EICMA
Filed under: Coupe , Performance , UK , MISC Many elements typically lead up to the launch of a new car – or a new version of an existing one – and the gestation of this latest supercar has played out before our eyes over the course of the past year or so. What you’re looking at is the new Ginetta G60, but if it looks familiar, there’s a good reason for that. The British racing firm and sportscar manufacturer acquired Farbio – the firm started by Arash Farboud who later established Arash sportscars in its place – back in March 2010. Then within the past week, Ginetta teased the arrival of a new model
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Ginetta reveals new Farbio-based G60 in full
Filed under: Truck , Government/Legal , Work , Volkswagen Volkswagen is on the rise, and has its eye on becoming the largest automaker in the world. But the VW Group is about more than just cars. Their considerable holdings and expanding corporate tree also encompasses several heavy truck manufacturers, and that part of the business has now been cleared to expand. We first reported on Volkswagen’s intent to acquire a larger stake in MAN – the truck, bus and turbodiesel engine manufacturer that is not only the oldest company listed on the German stock exchange, but itself also one of the largest
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Official: Volkswagen cleared for MAN truck takeover
Filed under: Plants/Manufacturing , Design/Style Just a few weeks ago, we brought you a report that suggested that CPP had acquired Zagato . The British coachbuilder owned by Vladimir Antonov has gone on a spending spree of late, acquiring Spyker and Land Rover racing specialist Bowler , so the acquisition of the Italian design house would seem to fit nicely into the company’s portfolio. CPP and Zagato have now revealed that their collaboration was already underway as far back as a full year ago with the establishment of a joint venture called CPP Milan. The enterprise was responsible for the design and realization of the Aston Martin V12 Zagato (pictured above), and the tie-up gives the two outfits the kind of concept-to-production capacity that several rival design houses have tried (but largely failed) to establish under one roof.
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Official: CPP-Zagato partnership announcement stops short of full acquisition
Filed under: Concept Cars , Convertible , Performance Spada Codatronca Monza – Click above for high-res image gallery The father-son design team of Ercole and Paolo Spada made a real splash a few years back when they unveiled the Codatronca . Inspired by the Kamm-tailed Alfas Ercole designed back in the day for Zagato , the Codatronca looked something like a cross between a Chevrolet Corvette , a Lamborghini and Darth Vader’s helmet. Radical as the design was, however, it wasn’t quite extreme enough for Aznom . So the Italian coachbuilder and aftermarket firm commissioned Spada to build the car you see here: the Codatronca Monza
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Official: Spada unveils Codatronca Monza roadster in all its glory [w/video]