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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.

Peugeot 308 wins European Car of the Year 2014

By Ollie Kew Motor Industry 03 March 2014 14:30 The Peugeot 308 has won the 2014 European Car of the Year award. The new family hatchback fought off competition from the likes of the tech tour de force Mercedes S-class and slick-driving new Mazda 3 to take the gong. The 308 also bested BMW’s i3 EV, which won the UK Car of the Year award, and the acclaimed Tesla Model S electric saloon.

Porsche 918 Spyder microsite goes live

Porsche is entering the hybrid-hypercar market this fall with its pretty 918 Spyder. We saw the first concept 918 way back in 2010, and we've been seeing official photos and video of 918 pre-production mules testing for quite a while now. The early impressions of the driving experience are in, and from what we understand, it's pretty incredible.