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Saab increase pay for Board members as Swedish Debt Office circles

Saab 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.

Infiniti’s new electric car (2012): all the latest news

Within the next two years Infiniti will launch an electric vehicle based on Nissan’s Leaf. But it won’t just be a Nissan with a new nose; instead the Infiniti version will, according to the company’s project design director Takashi Nakajima, be a ‘luxury EV’ with completely unique styling and a performance boost to boot. Infiniti’s EV won’t just be a re-badged Leaf with an Infiniti grille, though it will borrow heavily from Nissan’s electric car beneath the skin.

From 'Made in China' to 'Designed in China'

Visitors to the recent Auto China in Beijing may have noticed an impressive new Chinese sports car – called Aculeus – on one of the smaller exhibitor stands. The concept car is the latest project undertaken by CH-Auto Technology Corporation – one of a growing number of automotive R&D service companies based in China that provides support to the OEMs. The company was established in August 2003 by Lu Qun, an engineer who originally trained at Tsinghua University and later specialized in engine development testing.