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Aston Martin's £20k Cygnet city car concept (2009) : first official pictures

Aston Martin's £20k city car By Ben Pulman First Official Pictures 29 June 2009 09:00 This isn’t a joke, but a concept for Aston Martin’s new £20k city car. Called the Cygnet, it’s a tiny Toyota iQ-based commuter car redesigned inside and out, and will be sold to existing and future Aston owners from the end of 2010. Well, an Aston city car.

Bugatti 16C Galibier – back in Black

The Bugatti 16C Galibier in Black The Bugatti 16C Galibier came to our attention back in September at the time of the Frankfurt Motor Show, although it wasn’t on the floor at the show. Bugatti claimed it to be just a concept; a way of judging opinion about the next car in the Bugatti line. That’s not a line we ever took seriously.

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.