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3 Things we’ve Learned in 2013

Nissan leaf

It seems like it only started about a week ago, but 2013 is already nearly over – but what have we learned from another 12 months of automotive news and events? Let the car leasing specialists at The Leden Group take you through their three highlights of the year. read more »

Following a Successful Block, Saab’s Back and Making EVs?

Saab

In January of 2010, GM agreed to buy a then ailing Saab with an expectation of turning the company around and selling 50,000 cars by year’s end. The Swedish government guaranteed a loan to back the sale. By October of that year, the projection had been revised to 30,000. A conservative figure. The company would sell 31,000 overall.

It didn’t help that suppliers weren’t sending shipments to the main plant in Trollhättan because of unpaid invoices. In 2011 a bidding war erupted for the company – the source was China and it looked like someone was going to win out. There was Hawtai Motor company, a company whose name means “Magnificent Extremes,” that primarily produced SUVs with diesel engines. They were the first in a line of Chinese suitors, but GM refused to let the sale go. Meanwhile, the company went broke, so broke it couldn’t pay its employees. Eventually Saab filed for bankruptcy and GM’s claims that it couldn’t let its tech fall into the hands of a Chinese company held up in court. read more »

2013 Scion FR-S

2013 Scion FR-S