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Saab: On the edge of oblivion

Saab go in to meltdown We’ve had a statement in from Saab this morning telling us that they are now unable to pay their staff until they manage to get a bit of funding in. Didn’t they just get a pile of Euros in from Panga Da for a boat full of Saabs? According to two previous statements from Saab they received €30 million Euros at the end of May for 1,300 Saabs ordered by Pang Da, and another €15 million for a further 650 cars a week later.

Car insurance price fall is 'last hurrah'

THE PRICE of car insurance premiums is plunging, according to the AA. Average premiums fell 19.3% in the year ending June 30 2014 - the largest 12-month decrease since the AA index started 20 years ago. But the AA warned this could be the "last hurrah" for cheaper premiums and said the number of claims remained "stubbornly high" despite Government reforms to curb fraudulent injury claims.

Anniversary-edition Shelby Cobra sells out within 48 hours of its debut

All 50 copies of the 50th Anniversary Shelby Cobra Street Car sold out within 48 hours of its official introduction, Shelby American said on Monday. The car was unveiled during the Barrett-Jackson Auction on Jan. 21 in Scottsdale, Ariz.