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Skoda Roomster Scout (2007): first official pictures

By Tim Pollard First Official Pictures 06 February 2007 11:15 Oh no, not another pretend off-roader... Afraid so. This time Skoda has given its Roomster mini-MPV the 4x4 look - but with none of the hardware to back up the off-roading image.

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.

Chevrolet Cruze lands in the UK

GM is having its problems, as we’ve chronicled almost endlessly, but they are pushing ahead with the launch of their Focus-sized offering, the Chevrolet Cruse, around the world. So far it has been launched in the Far East and Australia, and now we’re getting it in the UK from the summer. But oddly, it’s not going to arrive in the US until next year.