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Saab secures more funds as it seeks to avert collapse

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'.  Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.

Gale Banks brings new diesels to military expo

When most of us think of Gale Banks, we think of diesel engines, big honkin' trucks and tuning boxes that make pickups perform like slingshot dragsters. What you might not know is that Banks and the U.S. military have been working together since the 1970s.

Belgian Grand Prix Qualifying – Hamilton beaten to pole by Rosberg

Rosberg takes pole in Belgium in the rain Formula One is back from its summer break, but normal service has resumed with Mercedes taking a one-two at Spa in qualifying for the 2014 Belgian Grand Prix, but it’s Nico Rosberg on pole, beating Lewis Hamilton in to second place. The two Mercedes were in a league of their own – two seconds ahead of the best of the rest – as torrential rain made the Spa circuit teachorous. Hamilton’s qualifying was patchy – - and a bit erratic – and he also had problems with glazed discs pulling his car to the left, but Rosberg was consistent – and quick – and deserved his pole.