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Brazil plant for Jaguar Land Rover

JAGUAR LAND ROVER (JLR) is to become the first UK car-maker to open a manufacturing facility in Brazil. JLR is investing £240 million in the initiative, which will see the development of a plant that will produce up to 24,000 vehicles a year. The factory, based in the city of Itatiaia, will initially employ 400 people, with the first vehicles due to come off the assembly line in 2016.

July 16: An efficient way to get around

Drove home last night but since it was so hot I didn't plug in the car to recharge until next morning. We had the central air on and I didn't want to blow a fuse in the house. I have no idea if it would have blown a fuse or not.

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.