Author: Todd Phillips

SAAB signs $195 million deal with Youngman

June 15, 2011

Saab Automobile announced on June 13th that it had signed a deal with Zhejiang Youngman Lotus Automobile Company. This follows on from another partnership between Saab and Pang Da Automobile Trade Co. The Lotus agreement will see the former acquire …

Quebec a hotbed for electric vehicles

June 8, 2011

Hydro-Quebec and Mitsubishi initiate second phase of electric car tests Mitsubishi and Hydro-Quebec introduced the second phase of their major demonstration project today. The newest phase includes the keys to 15 Mitsubishi i-MiEV’s being handed over to 13 businesses for …

Ford has ambitious outlook

June 8, 2011

Second largest U.S. automaker forecasting 50% rise in sales Ford Motor Company walked up to the plate and pointed, Babe Ruth style, to its lofty sales goals for 2015. According to Ford, global sales will rise 50% by 2015, to …

Fiat offers bid for Canadian gov’t shares

June 8, 2011

Italian automaker seeking more control Following Fiat’s move to buy up the remaining U.S. government shares of Chrysler, the company has reciprocated a purchase proposal across the border. The automaker offered $125 million to buy out the remaining 1.7% stake …

RIFCO gets ranked

June 8, 2011

Automotive financing company places 197th in growing companies While it’s one thing for a business to expand, it’s a whole other story when they are ranked on a scale of the fastest growing companies. Canadian automotive financing company RIFCO has …