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Thursday, October 1, 2009
Codenamed GMT168, the new Saab 9-4X is intended to kick off Saab’s highly anticipated aesthetic overhaul with its introduction in 2010. Until recently, photos of the 2010 Saab 9-4X were limited to heavily camouflaged spy shots, but Brenda Priddy and her team of espionage experts managed to score some stills of the new 9-4X showing some skin.
Check out the undressed 9-4X after jump
Engineered to be Saab’s first Crossover vehicle, the 2010 9-4X shares a platform with the Cadillac SRX and is intended to replace Saab’s current SUV offering, the 9-7X. Powered by a 2.0L turbocharged engine, spec sheets leaked from GM have the Saab 9-4X putting out a whopping 245-hp and 295 lb-ft of torque while still maintaining a healthy EPA average of 25 mpg city/37 mpg highway. In-house tests claim the 9-4X can accelerate from 0-60mph in 6.4 seconds, but I’d like to reserve final judgement on the matter until my hands are graced with a set of keys.
[News Source: Edmunds.com, Photo: LeftLaneNews.com]
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Wednesday, September 30, 2009
Earlier this month, mortgage lending giants Fannie Mae and Freddie Mac, which collectively own or guarantee roughly $5 trillion in mortgages, were seized by the U.S. government to prevent an even more catastrophic housing industry collapse. Last week, when global investment firm Lehman Brothers began to go belly up, the federal government wasn’t nearly as charitable and on Monday, Lehman Brothers headed into bankruptcy. Watching the events unfold from Detroit, GM, Ford, and Chrysler have begun to get nervous.
With the failure of Lehman Brothers, some auto industry analysts fear the government has drawn a line on federal intervention, just when the Detroit 3 need it most. Getting proactive, teams of lobbyists and executives representing the biggest auto manufacturers have begun to flood Washington, hoping to remind them that Detroit is not Wall Street. “[It's] a very separable issue,” said Ford. Still, lawmakers are approaching the loan requests with caution, and the foot dragging is yielding to frustration. According to Auto News, GM CEO Rick Wagoner was quoted explaining to the press, “The financial markets have worsened so much since the energy security act was passed last year, that providing the loans would seem to be the appropriate and fair thing to do right now.”
Other accounts report that auto makers are cautiously optimistic that they’ll receive the bailouts they need, and as of right now, no one is planning on shutting their doors. Said Wagoner, “I can’t really say at this point that I’ve seen specific ramifications from yesterday’s actions [referring to the Lehman Brothers failure], but we have to watch that closely.”
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