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Wednesday, 25 November 2009
 Swedish supercar maker Koenigsegg Group AB on Tuesday has backed out on its potential deal with GM to buy its Saab car brand. Call it an example of “bad timing”. That’s just what Koenigsegg Group AB’s chairman Augie K. Fabela II calls it as. He says the decision to pull out of the deal was purely due to the timing, but funding issues had been worked out. It was just a matter of executing he plan and the plan was fully funded. KoenigseggGroup AB took some precautionary steps in earlier months to secure the deal after in August it said it lacked about 3 billion kronor ($417 million) to conclude the deal. The company went to the Swedish National Debt Office about the government guarantee for the loan it needed to buy the unit. Though official amount for the acquisition was never announced, it was rumored that GM would get about $500 million dollars. GM Chief Executive Fritz Henderson said the company was "obviously disappointed," but "will take the next several days to assess the situation and will advise on the next steps next week." The dead in the water deal lays question to the future of Saab. Saab was one of the brands GM announced it would shed as part of its bankruptcy reorganization earlier this year. It currently employs 4,500 employees a majority of which live in Sweden. GM in recent months has been eliminating existing inventory and taking steps to handover the company to Koenigsegg Group AB, a move it must now reverse.  GM might be able to find another buyer for Saab though, automakers in China and India have been buying brands from restructuring US automakers. Last year Ford sold the Jaguar and Land Rover brands to Indian automaker Tata and GM recently sold its Hummer brand to Chinese heavy equipment manufacturer Sichuan Tengzhong Heavy Industrial Machinery Corp. Labels: GM, Hummer, Koenigsegg-Group-AB, Saab, Supercar, Swedish-Car-Maker, Tata-Motors
Tuesday, 31 March 2009
Lamborghini is introducing its pathbreaking supercars one after another. At this year’s Geneva Motor Show, it thrilled the audiences with the Murcielago LP 670-4. And now it is again ready to entice the car enthusiasts with the new topless variant of the Murcielago LP 650-4. The winning roadster goes topless with exciting colour schemes and enhanced power. As the name suggests, its 6.5-litre V12 engine produces an awesome 650 bhp. The Lamborghini's patented permanent all-wheel drive system further enables the car to drive with extra power and pride. This roofless version can amazingly hit a top speed of 330 km/h and can accelerate from 0 to 100 km/h in just 3.4 seconds. The new car is a special edition which comes with the elegance of Grigio Telesto exterior that combines the beauty of gray bodywork and charm of funky looking bright orange Aranciao touches. The interior is equally appealing with a host of adornments including the asymmetric dashboard featured with black Alcantara Nera on the driver's side and black leather Nero Perseus on the passenger side. The price of this extraordinary beauty on wheels has not been announced but the car has left everyone buzzing with excitement. And the car enthusiasts are eagerly waiting to see this super exotic car on roads. Labels: Lamborghini-Cars, New-Car-Launch, Supercar
Saturday, 28 February 2009
Bugatti is celebrating its rich heritage of 100 years in the automobile business. Since 1909, the company is known for producing some of the best supercars across the globe. The journey was fondly started by Ettore Bugatti who was known as an eccentric genius in the area of car manufacturing. Continuing its legend the company is now planning to bring in a new supercar that will be displayed in the 2009 Geneva Motor Show. Christened as Bugatti Centenaire, the proposed Bugatti’s car is to lighten the show with extraordinary style, glamour, and power. There are speculations that it is a facelifted Veyron that is considered to be one of the fastest cars in the world. But no, it’s a completely new car with a new and heart rendering design and comprising a completely different set of technologies. There are rumours that the Centenaire will behold a beastly 8.0-litre, 16 cylinder (W16) quad-turbo Bugatti engine that will amazingly deliver a power output of 1350 hp. This incredible car will definitely put the Bugatti’s stall on fire at the Geneva Show this year. Introducing a car like this is definitely one of the best ways to celebrate the golden anniversary of the ultra-luxury brand’s birthday. Labels: Bugatti-Cars, Luxury-Car, Supercar
Tuesday, 10 February 2009
Can you image a million dollar car painted with personalized colours and designs? Some may and some may not. But that's what the renowned Indian painter, M.F. Hussain did. Apparently, this great painter bought a new Bugatti Veyron in Dubai for his son Maqbool Fida. The Bugatti Veyron 16.4 is India’s most expensive and fastest car along with being the world's fastest production car. It is capable of producing 1001 PS and run over 400 km/h. This extraordinary car is artistically crafted with creativity and passion to push the car beyond the horizon of aesthetic integrity, technical precision, and automotive engineering. The renowned artist has bestowed a new look to the car with its creativity. This scintillating car with transform look and style carries Maqbool’s initials imprinted on the seat. M.F. Hussain is on exile and no one knows when this controversial painter will go back to the drawing boards. But, things have definitely taken a new turn in the car industry with more car enthusiasts wishing to paint their cars. Labels: Bugatti-Veyron, Car-Industry, Supercar
Monday, 9 February 2009
Bentley carrying the gene to craft the world’s most respected high performance cars is gearing up to unveil one more speed giant in the global car market. The latest entrant from the Bentley’s stable the Flying Spur and the Continental GT Speed are considered to be among the most winning and fastest cars in the industry. Though Bentley Continental GT is one of the fastest luxury cars in the market, it lacks a green conscience. Unpredictably, now the car manufacturer is planning to unveil its fastest car ever along with the desire to embrace the green agenda. Yes, this time Bentley urges to build a green portfolio with the launch of its new car. Known to be driven by biofuel, the new Bentley car would obviously give environment conscious car buyers an extra amount of peace and satisfaction. And the most exciting thing is that there are no compromises made on power, performance, and luxury. Expecting to see a 40% reduction in its carbon dioxide output, the proposed Bentley's car would bring a new revolution in the car industry. Sadly, the fastest Bentley’s car is still under veils and there are no specifications revealed except that the car would be completely based on its successful Continental GT foundation. It is said that even the leading fast car manufacturer Shelby SuperCar (SSC) is also set to unveil its 100% clean, green, and super-fast machine. Its Ultimate Aero TT is still one of the fastest cars in the world. And now the introduction of Bentley’s green supercar would definitely spark a tough competition between the two companies. Labels: Bentley-Cars, Luxury-Cars, Supercar
Friday, 6 February 2009
Car with commitments for zero percent emission, breathtaking speed, and unlimited entertainment is rarely found. But an American car manufacturer Shelby SuperCar (SSC) promises to deliver all these in its car model named as ‘Ultimate Aero Electric Vehicle’. This car is expected to roll out within six months time carrying a new All-Electric Scalable Powertrain (AESP). This new engine technology packs a twin motor to generate power output of 1,000 bhp. It will also be equipped with a carbon-fibre rear spoiler and the innovative AeroBrake for effective and powerful braking. With the powerful electric engine, the car can rocket from 0 to 100 km/h in just 2.5 seconds. This high acceleration achieved with an electric motor is commendable. The new charging system known as 'Charge on the Run' that charges the full battery in less than 10 minutes is also a striking feature of the car. The company also commits to impart arousing design based on the platform of the world's fastest production car, the Ultimate Aero TT. The aerodynamically designed nose of the car contributes to the overall performance and speed of the car which is expected to hit a top speed of 335 km/h. Car's interior will also display its unique quality with a central console that incorporates a complete PC information system, digital temperature control unit, and tyre pressure monitor. It will also have the latest car technologies like the GPS and HD radio fitted with an on-board diagnostic software. This marvellous supercar with the luxury of entertainment and eco-friendly character is sure to take the car market by storm. Labels: Car-Manufacturer, Car-Market, Supercar
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Swedish supercar maker Koenigsegg Group AB on Tuesday has backed out on its potential deal with GM to buy its Saab car brand. Call it an example of “bad timing”. That’s just what Koenigsegg Group AB’s chairman Augie K. Fabela II calls it as. He says the decision to pull out of the deal was purely due to the timing, but funding issues had been worked out.
