Saab lurched further into crisis on Monday as two of the carmaker's own unions served bankruptcy applications despite the company having conjured up a promise of 70 million euros ($96 million) in vital financing.
Sales in Japan of Toyota's Prius petrol-electric hybrid vehicle passed 1m last month, the automaker said.
EXECUTIVE EDITOR ROGER HART: This 2011 Jaguar XKR convertible remains one of the best-looking cars on the road.
After Volkswagen said earlier it was "reviewing" its alliance with Suzuki, the Japanese automaker said on Monday said it wanted to end the ill-fated two-year pact.
Two white collar unions have applied to a court to have Saab made bankrupt after losing patience over delayed salaries, the unions said on Monday.
Saab's main white collar union has filed an application for the automaker's bankruptcy today (12 September), although its blue-collar counterparts have held back from taking the same hard-line stance.
Porsche's 9,031-vehicle August sales tally - up 43.4% year on year - was a record for the month.
Volkswagen passenger car deliveries were up 12.1% for the first eight months of 2011 to 3.34m units after rising 9.8% to 389,500 in August.
BMW said its 110,891 group-wide vehicle sales in August were up 7.4% and a record for the month. Year to date sales reached 1,073,363, up 16.8%.
Saab says its announcement of a EUR70m (US$95m) technology licence agreement for non-exclusive rights in its Phoenix architecture is a loan that will be paid back once Chinese manufacturer Youngman comes on board.
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Saab said today it has arranged 70 million euros ($95.6 million) in bridge financing with the help of a Chinese guarantee, buying some time as it seeks court protection from creditors.
Saab said on Monday it has arranged 70 million euros in bridge finance with the help of a Chinese guarantee, buying some time as it seeks court protection from its creditors.
Saab Automobile said today it has arranged 70 million euros ($95.6 million) in bridge financing with the help of a Chinese guarantee, buying some time while it renewed legal efforts to seek court protection from creditors.
Opel/Vauxhall, has come a long way since GM emerged from bankruptcy in 2009. It posted its first profit for two years in the second quarter and is busy revamping its designs and adding technology in its cars to give them more cache.
Opel/Vauxhall, has come a long way since GM emerged from bankruptcy in 2009. It posted its first profit for two years in the second quarter and is busy revamping its designs and adding technology in its cars to give them more cache.
Negotiations under last year's format clearly showed maturing labour relations involving the Great São Paulo's São Bernardo do Campo Metalwork Union and the largest automakers of the region, Volkswagen, Ford, Mercedes-Benz and Scania among them.
Fiat's Doblo van line is to be sold in the US and Canada under Chrysler's Ram truck brand from 2013. It will be the second Turkish-built light commercial to be launched in North America after Ford's Transit Connect, a direct rival.
Following recent reports of a growing rift between the two, Volkswagen has now said - officially - that it is serving an infringement notice on Suzuki and reviewing its partnership with the Japanese automaker.
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