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Driving for a Cause: California man to cross America in ’32 Ford for charity

A common rite of passage is the cross-country road trip, the quintessential way for young Americans to get in touch with themselves and their country before the worries and responsibilities of life come calling. But a 59-year-old California man is blitzing the United States for a different reason: charity. Dave Schaub, the founder of a Bay Area meat market, is driving 9,800 miles in nine days--or 216 hours, during which he

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.

Saab GB goes in to administration as China deal flounders

Saab GB on administration Saab Great Britain Ltd (Saab GB) has filed for administration in the High Court as Swedish Automobile N.V. (Swan) fails to conclude a deal with China. It’s a wonder it’s taken so long.