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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.

Tushek Renovatio T500 Supercar UK debut at Salon Prive

The Tushek Renovatio T500 – a supercar from a shed in Slovenia – is to get its UK debut at next month’s Salon Prive. Eastern Europe is starting to produce its own shed supercars, the latest of which is the Tushek Renovatio T500, a decent looking offering from Slovenia. Based on the K1 Attack kit car, the Renovatio T500 is the brainchild of former racing driver Aljosa Tušek with his Tushek Supercars company planning on a very limited run of just 30 Renovatio T500s over the next four years.

Aston Martin appoints Nissan's Andy Palmer as new CEO

By Tim Pollard Motor Industry 02 September 2014 09:14 Nissan product chief Andy Palmer, 51, has been appointed chief executive office of Aston Martin. A corporate spokeswoman at Aston Martin confirmed the news to CAR magazine ahead of an official announcement at 10.00am today. 'We are delighted he's joining us,' she said.