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The Saab Saga – now it’s a share sale to raise cash
Thu, 04 Aug 2011Saab Saab sell shares to GEM Global We’re not really sure we see how on earth the announcement from Saab that they are selling shares to raise funds is going to work. But we’ll report it anyway. The information we have is that Swedish Automobile is going to issue shares to help pay the outstanding bills it has, and to meet unpaid salaries for white collar workers.
Diesel drivers 'pollution penalty'
Tue, 29 Jul 2014DRIVERS OF DIESEL CARS could have to pay more in road tax or face additional levies to travel into city centres in an effort to tackle pollution, it is reported. Major cities around the UK are considering bringing in low emission zones to force out older diesel vehicles that are responsible for higher levels of fumes, The Times said. Almost all diesel vehicles driven into central London will trigger a £10 charge under plans being considered by mayor Boris Johnson, who will also reportedly lobby the Government to increase road tax on diesel cars to encourage motorists to move to cleaner vehicles.
Mercedes launch new 9G-Tronic gearbox on E350 BlueTec
Wed, 24 Jul 2013New Mercedes E350 BlueTec (pictured) gets 9-speed 9G-TRONIC auto It’s not exactly a million years ago that automatic gearboxes offered poorer performance and economy than manual gearboxes, and came as standard with just three gears. But now, automatic gearboxes are so good they can change quicker than any driver and, with the proliferation of eight-speed auto ‘boxes, offer improved economy and performance too. The next logical step is even more ratios in an auto ‘box, and Land Rover has already revealed they’ll be fitting the Evoque with a 9-speed ZF ‘box from 2014, and the new Jeep Grand Cherokee gets a nine-speed auto ‘box too.