BUSINESS
November 16, 2011 | By Scott Sturgis, For The Inquirer
2012 Volkswagen Passat SEL: Volkswagen appears no longer content being merely a Saab alternative. Price: $28,395 (The base S model starts at $19,995, and Bluetooth Technology is standard.) Marketer's pitch: "Designing a bigger smile. " Conventional wisdom: Edmunds.com says it deserves "serious consideration. " Reality: Whatever Volkswagen is doing must be working; sales for the 2011 calendar year are up 22 percent in the U.S. over the same period in 2010.
NEWS
October 20, 2011 | ASSOCIATED PRESS
STOCKHOLM - The owner of Saab Automobile says the administrator of the cash-strapped carmaker's reorganization under bankruptcy protection wants to terminate the process. Swedish Automobile N.V., the Netherlands-based company that owns Saab, said Thursday that lawyer Guy Lofalk will file an application to end the reorganization process to a Swedish court. The company said it will contest the application and apply for a replacement of Lofalk as administrator. Saab entered bankruptcy protection in September after a court granted it a three-month period to reorganize its operations and try to solve a severe liquidity crisis.
NEWS
September 21, 2011
Dorman Products Inc., Colmar, said today it will put the international portion of its ScanTech replacement auto parts business up for sale. The pre-tax cost of leaving that business, which is based in Sweden, will be $5 million. ScanTech has lost money the past three years, including $2 million last year. The unit distributes Volvo and Saab parts, and the North American portion of the business will be transferred to Dorman's Montgomery County headquarters from Sweden.
NEWS
August 28, 2011 | By Al Haas, For The Inquirer
After General Motors sold Saab early last year for $74 million, some Saab stock, and five Wheaties box tops, the Swedish automaker has lurched from one crisis to another, all of them money-based, of course. As Saab's new owner, now called Swedish Automobile, tried desperately to raise capital, financing deals fell through, workers went unpaid for a time, unions threatened to force liquidation, unionists on the company board resigned, and production stopped for a time because suppliers weren't being paid.
ENTERTAINMENT
February 2, 2011
THE CARS OF my driving youth were all-American - Mom's Mercury station wagon, a no-frills Ford that Grandmom Bert abandoned in our driveway, then a hulking black Oldsmobile convertible (nicknamed "The Batmobile") that I'd talked my usually conservative dad into buying and regularly borrowed to impress the girls. When it came time to buy my own first car, though, I opted for a zippy little Italian sports car - a Fiat Spider 124 - first spotted and instantly adored at the Philadelphia Auto Show.
NEWS
July 26, 2010 | By Stacey Burling and Chelsea Conaboy, Inquirer Staff Writers
Three Philadelphia men were killed early Sunday morning in a one-vehicle accident on the Atlantic City Expressway in Winslow Township. Bernard L. Sanford Jr., 20, was driving west in a gray Saab with passengers Stephen Baxley, 23, and Steven Blount, 22. He lost control of the car about 12:30 a.m. near Milepost 39.7 in Camden County. The car spun into the left lane and off the left side of the road, where it smashed into several trees in the median, New Jersey State Police Sgt. Stephen Jones said.
NEWS
July 26, 2010 | By JASON NARK, narkj@phillynews.com 856-779-3231
A group of young men sat in silence on the steps of a North Philadelphia rowhouse yesterday afternoon, mourning their friend Steve Blount, as rain pelted an awning above them. Blount, police said, was one of three men killed early yesterday when the 2001 Saab he was traveling in drove off the Atlantic City Expressway in Camden County and hit several trees. "We still don't really know a whole lot," said his uncle Michael Blount. "He was a good kid. " New Jersey State Police confirmed that Blount and Stephen Baxley, 23, of Tolbut Street, were two of the three men killed in the accident.
BUSINESS
June 2, 2010
In the Region Higher jobless rate as more look The Philadelphia area's unemployment rate increased in April to 9.3 percent from 9.2 percent in March as more people looked for work with the improving economy, the Pennsylvania Department of Labor and Industry said. Since not all of them found jobs, the rate increased. The number unemployed locally rose by 4,300 to 280,300; the number with jobs rose by 3,200 to 2,718,100. - Paul Schweizer L-3 lays off 45 engineers L-3 Communications , a defense contractor that makes communications and intelligence systems on the Camden waterfront, laid off 45 of its 420 union engineers Tuesday.
ENTERTAINMENT
April 17, 2009 | By Carrie Rickey, Inquirer Movie Critic
Russell Crowe as a crusading reporter at a sinking broadsheet lately acquired by a multinational corporation. Ben Affleck as a rising politician crusading against a Halliburton-like company when his staffer (and secret lover) ends up in front of a subway train. Like their workplaces, Cal McAffrey (Crowe) is rumpled as yesterday's paper and Rep. Stephen Collins (Affleck) polished as the marble corridors of Congress. The journo and the pol, once college roommates, play hide-and-seek in State of Play , an enthralling Washington thriller where murder mystery and political scandal intersect.