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Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘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.

Royal College of Art Degree Show 2010

Car Design News made its annual pilgrimage to Kensington Gore in central London for the opening of the prestigious Transport Design exhibition. Fifteen students graduated from the course this year all of whose work was viewed by a number of RCA alumni including Patrick Le Quément, David Wilkie and Peter Stevens. As with many of the college exhibitions this year, there was a clear emphasis on sustainability and the reinvention of the paradigms of ‘luxury' and ‘sportiness'.

Government promises £140 million for pothole patch-up

AP The government has promised an extra £140 million to help local councils patch up potholes on Britain’s roads. This includes those damaged in the major flooding that occured during Christmas and early February. Local authorities that suffered the worst of the recent flooding will receive £36.5 million to help repair flood-ruined roads, while the rest of the money will be doled out by the Department for Transport (DfT).