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New car sales soar to 10-year high

NEW CAR sales soared in March, with the new 14 number plate helping registrations reach their highest monthly total for 10 years. A total of 464,824 new cars were registered last month - a rise of 17.7% on the March 2013 figure and the best since 466,954 were registered in March 2004, the Society of Motor Manufacturers and Traders (SMMT) said. The March 2014 and March 2004 figures represent the best two months for new sales since 1999 when the motor industry abandoned the August once-a-year number plate change in favour of twice-a-year changes in March and September.

Ferrari M458-T (2015) - more details of 458 Italia’s turbo facelift

By Georg Kacher Motor Industry 06 August 2014 09:46 Twenty-six years after the F40, the California T marks Ferrari’s late comeback to the turbo fraternity. Predictably enough, the next turbocharged model - the facelifted 2015 Ferrari 458 Italia - is just round the corner. At the 2015 Geneva motor show, the Italian sports car maker is expected to launch the M458-T, otherwise known as the revised Ferrari 458 Italia.

Saab seeks court protection from creditors

Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.