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Skoda Adds Rapid Spaceback And Yeti To Motability Scheme

THE WAIT is over and Czech car maker Skoda has added its two newest models to the Motability Scheme. Both the all-new Rapid Spaceback and the facelifted Yeti crossover are accessible through the programme to individuals receiving the Higher Rate Mobility Component of the Disability Living Allowance. Key to the cars appeal will be the high levels of practicality and interior space available from both models, coupled with a nil Advance Payment on selected variants.

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.

Maybach Exelero for sale – ish

A Swiss Company is offering replica Maybach Exeleros We’re not huge fans of the Maybach here at Cars UK, as you’ll know if you’ve been here before. It’s just so ill-conceived it beggars belief that a company as savvy and successful as Mercedes can’t see it. Mind you, we’re convinced they’ve just about given up on Maybach – even though they deny it – and the 100 Maybach Coupes being built by Xenatec are a swansong to the marque, which we’re convinced will go the same way it did in its previous life by simply stopping production.