National Electric Vehicle Sweden (NEVS), the financially struggling company resurrecting the Saab brand, issued a statement saying that while it does not have enough liquid cash as today to pay all outstanding debt, it is not insolvent; its assets are larger than its debt.
Daily Archives: August 14, 2014
Peugeot edging closer to rejoining CAC-40 stock index
Peugeot, whose losses led to a French government-backed bailout earlier this year, may already be close to an important recovery milestone: a return to the country’s benchmark CAC-40 stock index.
Land Rover recalls 46,515 SUVs in U.S., Canada for air bag issue
by Ben Klayman
Jaguar Land Rover is recalling 46,515 Land Rover sport utility vehicles in the United States and Canada because the front passenger air bag may not deploy due to a part failure, according to documents filed with U.S. safety regulators.
Tata Unveils First New Model Since 2010 – the zest
By Santanu Choudhury
Tata Motors Ltd. unveiled its first new car model in four years Tuesday, illustrating the company’s struggle to succeed at home even as its Jaguar and Land Rover brands flourish around the world.
Europe group questions China antitrust probes
The European Union Chamber of Commerce in China on Wednesday expressed concern over a recent series of antitrust investigations, saying China was using strong-arm tactics and appeared to be unfairly targeting foreign firms.
