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Aston Martin's design future

By Motor Industry 28 November 2007 17:20 Aston Martin boss Ulrich Bez has told CAR Online he wants to evolve the firm's distinctive design 'for the next 20 years'. The company hopes to repeat the success of the timeless Porsche 911. The next generation of Astons will be styled at the company's new design studio, due to open on 11 December 2007.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.

Lotus Evora won't reach roads in the United States until 2010

The guys in Europe will have first crack at Lotus's first all-new production car in more than a decade. Assembly of the Evora is under way, with deliveries of the 2+2 mid-engine coupe beginning in May. North American will have to sit tight until the Evora lands here early next year.