Report: Saab US bankruptcy plan gets legal green-light

Filed under: Government/Legal, Saab, Earnings/Financials

Saab

It feels utterly bizarre that we’re still talking about Saab, but Reuters is reporting that the bankrupt Swedish manufacturer’s American arm has gotten approval from the US Bankruptcy Court to liquidate its assets and pay back creditors. As part of the plan, secured creditors like Ally Financial will receive full repayment. Unsecured creditors, consisting of those affected by abandoned leases and contracts will get anywhere from 25 to 82 percent of their money back.

There are currently $77 million in unsecured claims, according to Reuters, but that number doesn’t include claims from former Saab dealers. Naturally, the entire affair is full of lawyers and legalese. A trust formed on the Saab side will be negotiating with creditors and their affiliates in an attempt to reduce claims against Saab. This sounds like the start of a long and sordid affair…

Saab US bankruptcy plan gets legal green-light originally appeared on Autoblog on Thu, 18 Jul 2013 17:45:00 EST. Please see our terms for use of feeds.

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Report: Bugatti gets green light to build Galibier sedan

Filed under: Sedan, Performance, Bugatti, Luxury

bugatti galibier

Bugatti 16C Galibier concept – Click above for high-res image gallery

Always wanted Veyron levels of power but needed room for the kids? Bugatti is ready to make your dream a reality because the Galibier has reportedly been given the green light. According to some in-the-know folks, Volkswagen has given a jewel-encrusted thumbs up that will allow Bugatti to build the four-door super sedan.

The Galibier is expected to be priced around $1.4 million, and according to Bloomberg, the W16 will arrive under-hood in 1,000-horsepower form. Other reports speculate that Bugatti will trim the turbocharger count back from four to two, causing horsepower to dip to a more pedestrian 800 hp.

Gallery: Bugatti 16C Galibier concept in black

[Source: Bloomberg]

Report: Bugatti gets green light to build Galibier sedan originally appeared on Autoblog on Fri, 01 Apr 2011 13:01:00 EST. Please see our terms for use of feeds.

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Rumormill: Volkswagen green lights Bulli for production

Filed under: Minivan/Van, Volkswagen, Autoline on Autoblog, Rumormill

Volkswagen bulli

Volkswagen Bulli Concept – Click above for high-res image gallery

What did you think of Volkswagen’s Bulli concept, which was just shown for the first time at the 2011 Geneva Motor Show? VW is apparently hoping you liked it, because rumor (via Autocar in the UK) has it that it’s going into production.

The concept version is powered by a 113-horsepower electric motor and a lithium-ion battery pack, which can reportedly be charged in less than an hour. We don’t know if the electric powertrain will make it into the production vehicle (our guess would be no, but who knows?), and there is no word on pricing. Still, how cool would it be to once again see a modern Volkswagen Microbus prowling the streets of America? The mind reels at the possibility.

Gallery: Volkswagen Bulli Concept: Geneva 2011

Volkswagen Bulli Concept: Geneva 2011Volkswagen Bulli Concept: Geneva 2011Volkswagen Bulli Concept: Geneva 2011Volkswagen Bulli Concept: Geneva 2011Volkswagen Bulli Concept: Geneva 2011

Photos copyright (C)2011 Steven J. Ewing / Damon Lavrinc / AOL

[Source: Autocar]

Rumormill: Volkswagen green lights Bulli for production originally appeared on Autoblog on Thu, 10 Mar 2011 16:31:00 EST. Please see our terms for use of feeds.

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Geneva 2011: Smart ForSpeed Concept is urban green toplessness

Filed under: Concept Cars, Convertible, Geneva Motor Show, Smart, Electric

Smart Forspeed Concept

Smart ForSpeed Concept – Click above for high-res image gallery

Here we have the none-too-speedy Smart ForSpeed concept. Well, perhaps that’s not quite fair, as the diminutive Smart actually is plenty quick enough for its intended mission, which is to say it’s fully capable of jetting between urban skyscrapers while dodging taxi cabs and pedestrians.

Want hard numbers? Smart claims the roofless ForSpeed can hit (a seemingly arbitrary) 37 miles per hour in 5.5 seconds on its way up to a top speed of 75 mph. Perhaps more importantly, Smart estimates its little electric mobile unit has a range of 85 miles per charge and that an 80-percent charge is possible in just 45 minutes.

Naturally, there’s a whole press release of details that can be found after the break, along with a high-res image gallery of live photos below.

Gallery: Smart Forspeed Concept: Geneva 2011

Photos copyright (C)2011 Drew Phillips / AOL

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Geneva 2011: Smart ForSpeed Concept is urban green toplessness originally appeared on Autoblog on Tue, 01 Mar 2011 15:31:00 EST. Please see our terms for use of feeds.

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Geneva 2011: 2012 Porsche Panamera S Hybrid delivers 380 hp of green(ish) speed

Filed under: Hybrid, Sedan, Geneva Motor Show, Porsche, Luxury

Porsche Panamera S Hybrid

Porsche Panamera S Hybrid – Click above for high-res image gallery

At last year’s Geneva Motor Show, Porsche stole the show with the unveiling of the 918 Spyder. For 2011, Porsche has taken the wraps off another gas-electric hybrid in Switzerland, but in a decidedly less sexy shape.

The 2012 Porsche Panamera S Hybrid is just the latest alt-powered vehicle from Porsche, joining the Cayenne Hybrid and the aforementioned 918 that’s expected to hit the market late next year. Power is supplied by VAG’s supercharged 3.0-liter V6 putting out 333 horsepower, with another 47 ponies delivered via an electric motor. Equipped with the eight-speed automatic gearbox, Porsche claims a 0-60 mph run of six seconds flat with a top speed of 168 mph, all while returning an average of around 34 mpg.

The Panamera Hybrid will be hitting U.S. shores later this year with a price tag of $95,000, and you get can all the pertinent details in the press blast after the break.

Gallery: Porsche Panamera S Hybrid: Geneva 2011

Gallery: 2012 Porsche Panamera S Hybrid

2012 Porsche Panamera S Hybrid2012 Porsche Panamera S Hybrid2012 Porsche Panamera S Hybrid2012 Porsche Panamera S Hybrid2012 Porsche Panamera S Hybrid

Continue reading Geneva 2011: 2012 Porsche Panamera S Hybrid delivers 380 hp of green(ish) speed

Geneva 2011: 2012 Porsche Panamera S Hybrid delivers 380 hp of green(ish) speed originally appeared on Autoblog on Tue, 01 Mar 2011 03:45:00 EST. Please see our terms for use of feeds.

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Chicago 2011: Dodge Challenger goes Green With Envy

Filed under: Chicago Auto Show, Coupe, Performance, Chrysler, Dodge

2011 Dodge Challenger SRT8 392 Green With Envy

2011 Dodge Challenger SRT8 392 Green With Envy – Click above for high-res image gallery

Dodge is spicing up the Challenger line with a new eye-searing paint color. The hue is called Green With Envy, and it’s supposed to pay homage to some of the wilder colors from the company’s past, including Sublime and Green Go. Buyers will be able to grab their new green Challenger in one of two configurations, including a new R/T Classic that serves up the company’s 372-horsepower 5.7-liter V8 engine with two A-line body stripes. The accents are available in either matte black or white.

For those who need a little more bite with their bark, Chrysler is also serving up the Challenger SRT8 in the new paint. In that trim, owners can enjoy the same 470-horsepower 6.4-liter V8 engine found in the Challenger SRT8 392, and the muscle bruisers will be differentiated by full-body black stripes. Likewise, the interior will enjoy Green With Envy accented seats.

Look to pony up around $35,785 for the Challenger R/T Classic Green With Envy and $44,875 for the SRT8 iteration. Both prices include destination. Hit the jump for the full press blast.

Gallery: 2011 Dodge Challenger SRT8 392 Green with Envy

2011 Dodge Challenger SRT8 392 Green with Envy2011 Dodge Challenger SRT8 392 Green with Envy2011 Dodge Challenger SRT8 392 Green with Envy2011 Dodge Challenger SRT8 392 Green with Envy2011 Dodge Challenger SRT8 392 Green with Envy

[Source: Chrysler]

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Chicago 2011: Dodge Challenger goes Green With Envy originally appeared on Autoblog on Wed, 09 Feb 2011 01:45:00 EST. Please see our terms for use of feeds.

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World, Green and Performance Car of the Year finalists announced

Filed under: New York Auto Show

World Car of the Year AwardThe minds behind the 2011 World Car of the Year Award have managed to slim down the contenders in all three of the accolade’s main categories – World Green Car, World Performance Car and World Car of the Year. A total of six contenders are fighting out in the green car category, including eco warriors like the Chevrolet Volt, Hyundai Sonata Hybrid, Nissan Leaf and Smart ForTwo Electric Drive. Those entries are also joined by the BMW 320d Efficient Dynamics Edition and the Mercedes-Benz B-Class F-Cell.

Meanwhile, the performance car lot is littered with 10 potential winners ranging from the Aston Martin Rapide to the Renault Megane III. Both Porsche and Mercedes-Benz managed to snag two spots each on the list, and the Cadillac CTS-V sedan is the only American-made product to make the cut.

And what about the coveted World Car of the Year? Judges have managed to thin that herd to just 10 picks ranging from the Audi A1 to the Jeep Grand Cherokee. Audi and BMW were the only two automakers to take home two nominations each.

We can expect a final decision in each of the three categories when the winners are announced at this year’s New York Auto Show on April 21st. If you can’t wait that long for your award news, the top three finalists in each category will be announced at the Geneva Motor Show in March. Hit the jump for the press releases.

[Source: World Car of the Year]

Continue reading World, Green and Performance Car of the Year finalists announced

World, Green and Performance Car of the Year finalists announced originally appeared on Autoblog on Tue, 01 Feb 2011 16:00:00 EST. Please see our terms for use of feeds.

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Meet The Green Hornet’s original Black Beauty

Filed under: Etc., Celebrities

Green Hornet

The original Black Beauty – Click above for high-res image gallery

A derby-and-mask shod Seth Rogen and a mask-wearing Jay Chou owned the weekend box office reprising roles that were originally created in 1936: The Green Hornet and Kato, a superhero and his martial-arts-maven sidekick that began as a radio show in the 1930s. If the trailers are to be believed, this is the first superhero film in which the sidekick is more badass than his boss. It actually makes sense, though, because the first actor to play the role of Kato onscreen was none other than Bruce Lee in his first big American role. But what is perhaps most important about our current duo is the wheeled fiend they’ll be driving: a Chrylser Imperial called Black Beauty. A supercar long before there were Murcielagos and Veyrons, Black Beauty is so significant to the story that it gets just as much time and space as the superhumans in the trailers and on the billboards.

For The Green Hornet television show of 1966 and 1967, with Van Williams as the stinger leading Bruce Lee, two Black Beauties were built by star Hollywood carmaker Dean Jeffries, both based on 1966 Imperials. The first of those cars, the driving car, has disappeared into the void that we assume also contains Amelia Earheart and the aliens who made crop circles. But the second car, the hero car with all the gadgets – that still work, mind you – that one is parked in The Petersen Museum in Los Angeles. And because Autoblog enjoys doing its homework before going to see a film, we went to see it.

Continue reading…

Gallery: The Original Black Beauty of The Green Hornet

Photos copyright (C)2011 Jonathon Ramsey / AOL

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Meet The Green Hornet’s original Black Beauty originally appeared on Autoblog on Tue, 18 Jan 2011 14:59:00 EST. Please see our terms for use of feeds.

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How The Gas Tax Is Under Threat From Green Vehicles

Filed under: Government/Legal, Earnings/Financials

Can Governments Afford To Incentivise Electric Cars?

Exxon Mobile gas station

Live in the right part of California and work for the right company and you might be able to buy the new Nissan Leaf for as little as $12,500, as Autoblog has reported, due to the raft of incentives that are available for buyers of the little battery car and other high-mileage, low-emission products.

In recent years, lawmakers have been racing to come up with incentives designed to encourage motorists to migrate to clean, efficient vehicles. It’s a clearly noble effort, but one that deserves a closer look in an era of fiscal restraint.

Several states are looking at a more direct form of taxation: a per-mile usage fee on battery-based vehicles.

The feds, and most states offering such incentives, have put caps on their zero-emission incentive programs, and most will vanish by mid-decade. But, ironically, if these programs do what they’re intended to, the fiscal impact could be felt for years to come. It turns out that going green could plunge state and federal balance sheets into the red.

The short-term costs are already potentially significant. At the federal level, a $7,500 tax credit could drain billions of dollars a year out of the Treasury if major automakers come even close to their battery car sales targets by mid-decade.

Such cash incentives – along with other perks, such as access to California’s HOV lanes – are designed to motivate the move to vehicles like the Leaf and the new Chevrolet Volt. Once momentum starts building, these givebacks can be phased out, proponents contend. But they’re missing a big part of the picture.

Continue reading…


Paul EisensteinPaul A. Eisenstein is Publisher of TheDetroitBureau.com, and a 30-year veteran of the automotive beat. His editorials bring his unique perspective and deep understanding of the auto world to Autoblog readers on a regular basis.

Continue reading How The Gas Tax Is Under Threat From Green Vehicles

How The Gas Tax Is Under Threat From Green Vehicles originally appeared on Autoblog on Mon, 06 Dec 2010 16:35:00 EST. Please see our terms for use of feeds.

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2011 Chevy Volt wins Green Car of the Year title in LA

Filed under: LA Auto Show, Hybrid, Sedan, Chevrolet, GM, Electric

Joel Ewanick, VP, U.S. Marketing, General Motors

Joel Ewanick, VP, U.S. Marketing for General Motors, and the Chevy Volt with the Green Car of the Year Award

The Chevrolet Volt drove off with the 2011 Green Car of the Year Award at the LA Auto Show this morning, beating out tough competition from the Nissan Leaf and ending a two-year diesel powertrain reign (at the 2008 show, the Volkswagen Jetta TDI was named the winner; last year, the Audi A3 TDI won). The other finalists for this year’s award, given out by Green Car Journal, included the Lincoln MKZ Hybrid , Hyundai Sonata Hybrid and the Ford Fiesta.

The Natural Resources Defense Council’s Roland Hwang said during the ceremony that “the environment means business.” To be globally competitive, automakers need highly-efficient vehicles to compete and, “what this means is that green vehicles are going to go mainstream.” The Green Car of the Year award embodies this change. When it was first given out in 2006, it was sort of tacked on at the end of the LA Auto Show. Today, as it was in ’09, the ceremony was a highlight of the show.

Last year, Green Car Journal editor Ron Cogan made a point to mention the five vehicles up for consideration were notable because they were mainstream vehicles that were already available. This year, only three of the candidates are currently on dealer lots. With the high tech involved in the Leaf and Volt, though, we’re okay with the slight delay in availability.

If you were rooting for the Leaf, don’t worry too much. Today, that car won the Green Car of the Year title from TheGreenCarWebsite.co.uk over in the UK. Still, in the U.S., the Green Car Journal award is the big one, and we want to know if the Volt claiming the first Green Car of the Year award of the electric era – and if there’s one message we’re heard here in LA this year, it’s that we’re really in the electric era now – make sense to you. Let us know in the comments below.

[Source: Green Car of the Year]

Continue reading 2011 Chevy Volt wins Green Car of the Year title in LA

2011 Chevy Volt wins Green Car of the Year title in LA originally appeared on Autoblog on Thu, 18 Nov 2010 14:00:00 EST. Please see our terms for use of feeds.

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