Transmission specialist Antonov reports that exhaustive testing of an electric vehicle equipped with the firm's multi-speed transmission over eight different drive cycles has proven that its multi-speed unit delivers approximately a 10-percent improvement in electric motor efficiency compared to a single-speed solution.
Keeping your staff happy is key to running a successful company. One of the main ways to do that is to pay them, which is an area in which Saab is once again experiencing a bit of trouble. Specifically, Saab cannot pay white-collar employees because committed funds have not yet been fully recovered by investors. The automaker's suppliers are looking to get paid as well, but there's just no money to do so at the moment.
Around the same time that Ake Jonsson stepped down as chief executive of Saab, the Swedish automaker announced its expansion into the Russian and Chinese markets – a vital move if Saab is to increase its global market share. But it's not just the cars that Saab and its parent company Spyker are interested in selling in these two giant markets. It's also looking to offload shares in an effort to raise much-needed capital.
Are the dark clouds parting over Trollhättan? According to Saabs United, it's starting to look that way. Swedish automaker Saab has just received a green light that will allow it to borrow money from a European bank.
With the situation still deteriorating in Japan, Daimler has announced that it is donating 50 new trucks to help out with disaster relief. The generous donation is being made to the Nippon Foundation and includes eight Mercedes-Benz Zetros trucks, four Unimogs, four G-Class SUVs and thirty Mitsubishi Fuso Canter trucks.
General Motors still owns a hefty chunk of shares in Saab. So many shares that it was actually able to block Vladamir Antonov from being a shareholder. Mr. Antonov is the Chairman of Conversbank Financial Group, which owns a major stake in Dutch automaker Spyker, and he has expressed a desire to be part of Saab. Now, GM is reportedly ready for him to take a financial interest in the company.