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Fiat Invades Europe! Aims to take over Opel, Vauxhall and Saab

Fiat is moving to take over GM's European brands - Opel, Vauxhall and Saab. [ad#ad-1] Fiat are busy little bees of late. From being a virtually bankrupt car maker just a few years ago, they are busy rampaging around the world playing ‘White Knight’ to ailing car companies struggling for survival in the crisis that has engulfed the car world.

M-way closures 'all year round'

SOME MAJOR MOTORWAYS did not operate at full capacity on any day last year, according to figures obtained under a Freedom of Information Act request. There were some lane closures on all 365 days of 2013 on the M1, M4, M5, M6 and M25 as well as on the M60 in north west England and on the M54 in Shropshire and Staffordshire. There were 358 days of lane closures on the M62 in northern England, 357 on the M40 which runs west from London to South Wales and 355 on the M27 in Hampshire.

Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.