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UK number plates under threat from EU

A proposal to introduced a standardised European number plate had been revealed. If such a scheme were to go into law it would mean the end of the UK number plate as we currently know it. On Bing: see pictures of UK number plates The best and worst car number plates in the world Inserted into a wider bill designed to make it easier to register cars in different EU countries, the standardised number plate plan is the work of a Dutch Member of the European Parliament (MEP), according to the Daily Mail.

GM, Koenigsegg sign deal on Saab sale

General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.

Jaguar Land Rover – Clever Finance Deal

JLR releases £170 million by financing cars in transit Car makers have been begging lines of credit from wherever they can in the last year as the recession has bitten hard in to their finances. Jaguar Land Rover started off down the Government Loan route, but it soon became clear that the strings attached to any Government sourced finance where unacceptable. But in a sign that the future of JLR looks pretty rosy JLR managed to secure £175 million in private financing back in August as part of a bid to raise £500 million, and Tata have refinanced the loans used to acquire JLR.