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Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.

Jaguar & Land Rover – Record Sales

2011 Range Rover 4.4 Diesel - big sales jump The phenomenon that is the rebirth of Jaguar and Land Rover under Tata’s wing continues, with record sales figures for March and a strong global performace – particularly by Land Rover. Land Rover’s sales in March were the highest in the company’s history, with the 2011 Range Rover recording a remarkable 30% surge in sales. Which doesn’t surprise us one dot.

Regent Street Motor Show to return for 2014

THE REGENT Street Motor Show is set to return to the streets of the capital this November, after organisers confirmed a date for the ultra-successful event. After the huge success of last year’s Show, once again the world-famous West End shopping street will be closed to traffic for what is now firmly established as the UK’s largest free-to-view motor show. In 2013, the traffic-free zone was extended to stretch from Piccadilly Circus right up to Oxford Circus for the very first time.