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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.

Think brings four-seat City car to Europe

UPDATED -- The latest-generation Think City electric car gets 2+2 seating for the first time, and it goes on sale across Europe this month. Think representatives said it is unknown when or if the four-seater will be sold in the United States. Currently, Think is only making fleet deliveries from its U.S.

Diesel rocket passes 300mph in record bid

By Phil McNamara Motor Industry 18 August 2006 09:30 The 1500bhp JCB Dieselmax has passed 300mph in a test run for its diesel land speed record attempt. The sleek racer – powered by twin diesel engines each producing 750bhp – touched 308.252mph yesterday (Thursday 17 August). That smashes the current diesel car world record of 235.756mph, set in 1973.