Report: Russian investor Antonov believes Saab will miss 2011 sales target

Filed under: Saab, Earnings/Financials

Saab logo

Russian investor Vladimir Antonov says that Saab will miss its sales target of 80,000 vehicles this year. According to Reuters, Antonov helped Spyker buy Saab last February, and is looking at taking over Spyker’s sports car operations. Antonov also said that missing the sales goal would mean capital problems for Saab.

Victor Muller, CEO of Saab-parent Spyker Cars, dismissed Antonov’s statements as bogus. According to Reuters, Muller called Antonov’s comments “complete nonsense,” and said that Spyker was staying with its sales goals for Saab.

Spyker is in hot water, too, operating at a loss last year and looking for investors, including Antonov.

Antonov told the Swedish press that he sees Saab moving closer to 65,000 cars for 2011. Saab brass say the company is on target to make its sales goal, but are more concerned with sticking to its new business plan than meeting a specific sales target. According to Reuters, Saab moved 31,696 cars in 2010, after cutting its sales goal from 45,000 to 30,000.

[Source: Reuters | Image: Chris Paukert/AOL]

Report: Russian investor Antonov believes Saab will miss 2011 sales target originally appeared on Autoblog on Thu, 10 Mar 2011 14:32:00 EST. Please see our terms for use of feeds.

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Video: Why the Cadillac Escalade is a particularly easy target for thieves

Filed under: SUV, Etc., Safety, Videos, Cadillac, Chevrolet, GM, GMC, Luxury

stolen Cadillac Escalade

Stolen Cadillac Escalade – Click above to watch the video after the break

Sadly, it’s simply not possible to build an automobile that’s impossible to steal. But what we all hope for is that an automaker does all it can to make the unscrupulous thief’s job as difficult as possible. According to a report from WXYZ Action News in Detroit, General Motors full-size SUVs aren’t particularly hard to grab. In fact, the Cadillac Escalade is the insurance industry’s most hated vehicle with $146 in theft loss payments per insured vehicle, per year. On average, insurance companies pay out around $11,934 per theft claim when it comes to the Escalade with 10.8 of the SUVs stolen per 1,000 vehicles.

Gone in 60 14 seconds, says the news station, citing a security flaw in the design of the vehicles’ steering column (sounds familiar, no?). Specifically, it seems that the little locking metal pin that is supposed to keep the aforementioned Cadillac Escalade, Chevrolet Tahoe and GMC Yukon locked firmly in ‘park’ (which is supposed to be a safety feature, not necessarily a theft deterrent) is rather easy to defeat by giving the column-mounted shift stalk a hard yank down.

Also cited as a contributing factor is the lack of a steering wheel lock that inhibits directional movement of the vehicle when not running. It seems that GM decided to leave off this well-known feature for a period after the introduction of ignition keys with computer chips that make it difficult to start the machines without the properly coded chip.

Combine these flaws and you end up with a vehicle that isn’t all that difficult to steal. Here’s the process outlined in the video after the break: Smash the driver-side window (which apparently doesn’t set off an alarm) and force the column-mounted shift lever into ‘neutral.’ Step two requires some help: Have a buddy with a mutually lax sense of right and wrong push you and your confiscated SUV to a deserted area and strip it of all its pricey bits and pieces. Easy-peasy lemon squeezy, assuming you don’t have a bothersome conscience.

According to a spokesperson for Cadillac, The General is aware of these issues and has introduced laminated glass for the side windows along with a beefed-up locking pin for the shift lever. Also, these full-size SUVs were re-equipped with locking steering wheels to make them more difficult to push without the proper ignition key. In any case, we’d suggest you keep a close eye on your blinged-out sport ‘ute… and get used to paying higher-than-average insurance premiums.

Click past the break to watch a video of the full report.

[Source: WXYZ Action News]

Continue reading Video: Why the Cadillac Escalade is a particularly easy target for thieves

Video: Why the Cadillac Escalade is a particularly easy target for thieves originally appeared on Autoblog on Tue, 16 Nov 2010 19:24:00 EST. Please see our terms for use of feeds.

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Mazda sets lightweight target of 2,200 pounds for next-gen MX-5

Filed under: Performance, Mazda

Mazda MX-5 Miata – Click above for high-res image gallery

The original Mazda MX-5 made its U.S. debut in 1989, and back then, the Miata was a lithe little roadster that immediately drew praise for its superior handling and a fun-to-drive nature. Each generation that followed packed on more pounds and additional amenities, slightly blunting the car’s appeal as a simple roadster at an affordable price. But the next MX-5 – due to arrive in 2012 – Mazda has set a target weight of 2,200 pounds and returning it to its former glory.

At just over a ton, the next-gen MX-5 will tip the scales slightly more than the original 1989 model, but it will still retain its 50/50 weight distribution that makes the roadster a wonderfully balanced machine. To keep weight in check, Mazda will employ one of its newly-developed, SKY-G gasoline engines which the company claims will boost efficiency by 15 percent while also increasing power over previous engine designs. Mazda predicts that its next-gen MX-5 could touch 50 miles per gallon, a remarkable achievement for the quintessential roadster.

Gallery: Review: 2009 Mazda MX-5 Miata

Photos copyright (C)2009 Chris Paukert / Weblogs, Inc.
[Source: Autocar]

Mazda sets lightweight target of 2,200 pounds for next-gen MX-5 originally appeared on Autoblog on Wed, 04 Aug 2010 15:01:00 EST. Please see our terms for use of feeds.

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HDLI: Cadillac Escalade top target for thieves

Filed under: Coupe, SUV, Truck, Cadillac, Ford, Infiniti, Luxury

The Highway Data Loss Institute has churned out its official list of vehicles with the highest and lowest insurance claims for theft. The study combines the rate of insurance claims per vehicle as well as the cost of those claims, helping companies that supply coverage determine exactly how much to charge us poor saps. The Cadillac Escalade took top honors this year with $146 in theft loss payments per insured vehicle, per year. On average, insurance companies pay out around $11,934 per theft claim when it comes to the Escalade with 10.8 of the SUVs stolen per 1,000 vehicles. That’s more than 10 times the theft rate of the vehicle with the lowest theft losses – the Volvo S80.

In fact, of the top 10 vehicles on the Highway Data Loss Institute’s list, six were of General Motors origin. How do the thieves get around the bad-guy battling OnStar vehicle immobilization? Easy. They load the coveted SUVs onto a flat bed and drive away.

The 2008-2009 Ford F-250 crew cab four-wheel drive took the silver when it came to vehicles with the highest theft loss, followed by the 2008-2009 Infiniti G37 coupe. Hit the jump to see if your vehicle’s on the list.

[Source: HDLI]

Continue reading HDLI: Cadillac Escalade top target for thieves

HDLI: Cadillac Escalade top target for thieves originally appeared on Autoblog on Tue, 03 Aug 2010 00:01:00 EST. Please see our terms for use of feeds.

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