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Saab increase pay for Board members as Swedish Debt Office circles
Fri, 19 Aug 2011Saab Meltdown gets closer It never rains, but it pours. And for Saab and Victor Muller it has been a year or more of almost unbroken storms, punctuated with just the odd ray of financial sunshine as Victor Muller combs the planet for investors to stake a claim in his chocolate teapot company. There has been no production at Saab of any consequence since April; many suppliers still remain unpaid despite substantial injections of cash from Chinese buyers; wages have not been paid and now, just to rub salt in the wound, it’s been revealed that board members received pay rises of up to 650 per cent in 2010.
Audi R18 TDI dominates Le Mans 2011 test day
Tue, 26 Apr 2011Le Mans echoed to the sound of racing cars on Easter Sunday as teams took part in the sole scheduled test day, and Audi's new R18 coupe dominated the LMP1 class. Le Mans 2011: classes and rules changes The Automobile Club de l'Ouest (ACO), the organisers of the annual 24-hour race, made several changes to the competition classes and technical specifications for Le Mans 2011, aimed at reducing costs, raising lap times and ending the dominance of turbodiesel endurance racers. Out went V10 and V12 engines in the LMP1 (Le Mans Prototype) class, and in came new capacity limits for all engines, intake restrictors and lower turbo boost limits on existing turbodiesels. Naturally aspirated petrols units are now limited to 3.4-litres, turbo'd petrols can be no bigger than 2.0, and turbodiesels are restricted to 3.7-litres.
Lincoln MKR concept
Tue, 02 Jan 2007By Tim Pollard Motor Shows 02 January 2007 11:49 Lincoln MKR Concept: the lowdown Lincoln will slide the wraps off its answer to the Mercedes CLS at the Detroit Motor Show next week: this luxurious and wedgy MKR concept. It’s the work of ex-Volvo British designer Peter Horbury, who now heads Ford’s Amercian design division, and hints at how Lincolns will look in the years ahead: the Viking-hat grille is straddled by pencil-thin LED headlights, while the flanks of the car are notably uncluttered. Don’t expect to see the 21-inch wheels and ‘Lincoln star’ patterns in the tyre treads on production cars any time soon, though.