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Archive for December, 2009

NEWS: Saab officially canned!(No)(Yes)(No)(Definately no)

December 18, 2009 Leave a comment

Update No.3: Finally! Spyker has succeeded in it’s pitch to absorb Saab and all it’s liabilities. The debt-ridden manufacturer of the small volume Spyker supercars have not announced their plans for the future with the Swedish brand yet but I’m surely looking forward to it once they do.

Update No.2: Bernie and his partners have stepped down from the offer along the other parties except persistent Spyker. GM on the other hand has announced that they’re still in talks with Spyker but won’t rule out winding the Saab brand down.

Update: Ok Saab’s back on life support. This time more parties are interested including F1 supermo Bernie Ecclestone.

MUNICH — Saab will be closed down, its parent General Motors Co.announced today after concluding that a sale of the Swedish brand to Dutch niche car maker Spyker Cars NV could not be completed quickly enough.

“We regret that we were not able to complete this transaction with Spyker Cars,” GM Europe President Nick Reilly said in a statement. “We will work closely with the Saab organization to wind down the business in an orderly and responsible manner.”

Reilly added that Saab’s closure is neither a bankruptcy nor a forced liquidation process.

“Consequently, we expect Saab to satisfy debts including supplier payments,” Reilly said, “and to wind down production and the distribution channel in an orderly manner while looking after our customers.”

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Categories: News

INTEREST: Are EVs Risking or Saving the Planet?

December 3, 2009 Leave a comment

Was browsing online and came across this piece bringing into question the realistic benefits from putting electronic cars through the pipeline. Just with hybrid technology, most people still do not get that driving a hybrid can be as damaging to the environment as a normal petrol or diesel vehicle.

Here’s a small portion of the report I came across on Business Week with the link to the full article at the bottom

“Electric cars should be rewarded for their energy efficiency, not for moving emissions from exhaust pipes to powerstation chimneys” says the UK’s Environmental Transport Association (ETA). In a report titled “How to avoid an electric shock—Electric cars: from hype to reality”, the ETA has taken a close look at electric-powered vehicles (EVs) and their associated technologies.

In what could be a shock to some commuters—and governments—the report states that EVs could potentially speed climate change, rather than reduce it, and might not be as good for the planet as some of the spin suggests. Simply put, it’s not necessarily the cars themselves that will cause the damage, but the way the electricity is generated to power them and how often we drive them. For instance, EVs powered by “green energy”—wind or solar—are obviously superior, but if the electricity comes from coal, hybrids perform better.

Visitors to recent motor shows, including the massive Frankfurt Motor Show in September would have been convinced that the motoring world is heading toward EV domination. As the report says, virtually every major manufacturer has exhibited a car powered by batteries. Read more…

Categories: News