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Motorway Service Station Fuel 'Too Pricey'

IT WOULD appear that cash-strapped drivers have had their fill of motorway service station fuel – that’s according to a survey conducted by research company Viewsbank. Almost all (98%) of motorists canvassed reckon motorway petrol and diesel is too pricey, with 60% saying they never buy it. Based on responses from 1,030 drivers, the poll also showed that 28% always fill up before going on a motorway and 5% always leave the motorway to find cheaper fuel elsewhere.

New Lotus Elite revealed

Lotus Elite Concept Paris We knew Lotus were intending repositioning themselves as an East Anglian Aston Martin. Thanks to a clumsy PR stunt by Lotus we were pretty sure we’d see the direction at the Paris Motor Show. Tick all the boxes.

Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED

Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.