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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.

New 2015 Volkswagen Passat detailed ahead of July reveal

The 2015 VW Passat (pictured) is lighter and more economical The eighth generation Volkswagen Passat is detailed today by VW with design sketches and the news that the all-new Passat will lose 85kg in weight and get more economical engines. Due to be revealed in the metal in July – and debuting at the Paris Motor Show in October – the new Passat will go on sale before the end of 2014 with first deliveries in early 2015. Thanks to a weight loss of upt 85kg – achieved by using high-strength, hot-formed steel and aluminium in some areas – the new Passat will offer fuel efficiency improved by up to 20 per cent and, although the exterior dimensions of the new Passat are slightly smaller than the current model, the new Passat will offer more room for passengers and luggage.

Fiat Bravo Xtreme at Sao Paulo Motor Show

Fiat has shown an extreme version of the Bravo – the Fiat Bravo Xtreme – at the Sao Paulo Motor Show in Brazil. With the exception of the 500, Fiat’s cars in Europe are not exactly on a roll. Nothing new is really happening on the new model front with Sergio Marchionne hunkered down to try and weather the sales slump, but things are a bit brighter for Fiat in South America.