|
|
---|
Sunday, July 10, 2011
the 1907 Spyker that competed in the Peking to Paris great race
the Italia that won the race is here: http://justacarguy.blogspot.com/2010/08/winner-of-1907-paris-to-peking.html
The challenge to drive from Peking, China (modern day Beijing) to Paris, France in 1907, using totally untested automobiles, was taken up by five men:
- Prince Scipione Borghese, accompanied by his mechanic Ettore Guizzardi. They were further accompanied by Italian journalist Luigi Barzini, Sr.
- Charles Goddard, accompanied by journalist Jean du Taillis.
- Auguste Pons and Octave Foucault, his mechanic.
- Georges Cormier.
- Victor Collignon.
On the 30th of August, twenty days later, the Spyker, followed by the two De Dions, arrived in Paris. Charles Goddard wasn’t behind the wheel of the Spyker; due to money-troubles, he wasn’t able to finish the race! But his car won second place and that was probably good enoughfound on http://scheong.wordpress.com/2010/02/25/peking-to-paris-the-original-amazing-race/
Wednesday, June 29, 2011
More Good News for Saab as Swedes Receive €25 Million Loan

Another day, another new story for Svenska Aeroplan Aktiebolaget –or, as you might know it, Saab. The Swedish company announced on Wednesday that it has entered a €25 million convertible bridge loan from Gemini Investment Fund Limited.
The loan’s annual interest is 10% and the conversion price is €1.38 per share, while Saab can at any time repay the loan, presumably when the expected Pang Da and Youngman Lotus funding is received, without a penalty.
Read more »Thursday, June 23, 2011
Saab Says it Can’t Pay Workers, Company’s Survival in Doubt

New clouds are forming over Saab as the automaker’s parent company, Swedish Automobile N.V., formerly known as Spyker Cars N.V., said on Thursday it will be unable to pay its 3,800 employees their wages because it has not yet obtained the necessary short-term funding.
Swedish Automobile said it and Saab “are in discussions with various parties” to secure short-term funding, including through a sale and lease-back of Saab’s real estate assets.
Read more »Tuesday, June 14, 2011
Vladimir Antonov Withdraws Proposal to Buy and Leaseback Saab Property

The ink has barely dried on Saab’s latest attempt to form a preliminary deal with China’s Pang Da Automobile and Youngman, and the Swedish company is faced with yet another problem as Russian investor Vladimir Antonov has withdrawn his proposal to buy and leaseback Saab property.
"The property sale is now being discussed with external investors," said Lars Carlstrom, Antonov's representative in Sweden. However, Carlstrom noted that the Russian banker was still interested in becoming a shareholder in Saab’s parent company Spyker Cars NV.
Read more »Monday, June 13, 2011
Saab Signs Three-Way Deal with China’s Pang Da and Zhejiang Youngman Lotus Automobile

Lately, it seems whenever there’s a problem with production at Saab’s Trollhattan plant, the Swedish automaker’s parent company Spyker Cars N.V. announces a new deal with a Chinese company.
Today, Spyker signed a non-binding memorandum of understanding (MOU) with two Chinese firms, Pang Da Automobile Trade Co., Ltd (Pang Da) and Zhejiang Youngman Lotus Automobile Co., Ltd. (Youngman), which if approved by regulators, could see the company falling into the control of Chinese hands. We'll remind you that Saab had previously signed a deal Chinese firm Hawtai but it failed to go through Chinese regulators.
Read more »