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Off the line: Fun cars and social responsibility Autoweek op-ed stands the test of time

It's been almost 21 years to the day that Autoweek printed Matt DeLorenzo's column “Off the Line: There's room for fast, fun cars in diet of social responsibility.” And in those two decades plus, not much has changed except the vehicles themselves. For example, sports cars like the Bugatti Veyron and Pagani Huayra have astronomically high performance and safety levels; similarly, sport-utility vehicles that haul entire families (and most of their earthly possessions) achieve fuel economy similar to that of 1970s midsize sedans. To read all of DeLorenzo's thoughts and his case for automobiles, click the links to download the article.

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.

Peugeot HX1 concept

Peugeot today released photos of the HX1 concept car, which will make its debut at the forthcoming Frankfurt motor show. Measuring in at just under 5m in overall length but standing only 1400mm tall, the long, sleek vehicle is able to seat up to six passengers. Besides being practical, the vehicle is also extremely aerodynamic, returning an impressive 0.28 Cd.