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Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.

McLaren P13 – first OFFICIAL details and image

McLaren P13 (pictured) first OFFICIAL details revealed It was only last month that we had official confirmation that the McLaren P13 – McLaren’s more affordable mid-engined supercar – would arrive in 2015 to take on cars like Audi’s R8 and the top end Porsche 911s. Now McLaren has gone a bit further and revealed details of the P13. The McLaren P13 – shown above in a sketch by McLaren’s design boss, Frank Stephenson – looks to take its design cues more from the MacLaren P1 than the 12C – a good thing – and will utilise the same carbon fibre MonoCell chassis as the P1 and 12C as well as a de-tuned version of the same 3.8 litre V8 turbo.

WINTER BREAKDOWN EXPENSE FOR USED CAR OWNERS

SOME VEHICLE components are nearly three times as likely to fail during the winter months as in the summer leading to potentially expensive repairs for the owners of older vehicles, according to Warranty Direct. The specialist insurer and warranty provider analysed 50,000 live automotive policies and found that ignition coils are 283 per cent more likely to fail between December and February than between June and August. Fuel injection pumps, thermostats and a number of electrical components are also more likely to suffer in the cold leading to an average winter repair bill of £408.60, the company has warned.