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Saab funding from China likely delayed. Gets loan from North Street Capital

Saab gets funds from North Street Capital Last week we had Saab and their Chinese ‘backers’ getting in a bit of a muddle over funding. Which is what we’ve come to expect. Saab were adamant that the quote attributed to the Pangda Chairman that the Saab deal was no longer valid was a ‘misunderstanding’.

UK Ferrari sales outstrip entire Middle East

ITALIAN supercar company Ferrari raced to a record year in 2013 on the back of expanding UK sales, selling more cars in Britain than in the Middle East and Africa combined. As a result the company made an all-time high net profit of 264 million Euros (£217 million) - a 5.4% rise on 2012. A total of 677 Ferraris were sold in the UK, with the nation overtaking Germany as the company's strongest European market and leaving the oil-rich states trailing.

Volkswagen builds 30 millionth Golf (2013)

VW has built its 30 millionth Golf. The milestone car, a Mk7 TDI Bluemotion model, rolled off the Wolfsburg production line today (14 June 2013) and will be displayed at the factory’s open day to celebrate. On average, 2000 Golfs have been sold worldwide every day since its 1974, according to VW’s maths. Over the past 39 years there have been seven generations of Golf, from the Giugiaro-styled original right up to today’s range, which offers 227bhp in GTI Performance form, or 88mpg in the case of the Bluemotion.