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Fears grow over more London congestion

MOST LONDONERS reckon congestion is going to worsen in their city over the next five years. But they are heavily divided on the best way of beating the jams, according to a YouGov survey for business group London First. As many as 40% of the 1,055 adults polled said congestion would increase a lot, while 38% believed it would increase a little.

Saab files for reorganization, seeks $1 billion to survive

Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process. The General Motors-owned Swedish brand said it will work "to create an independent business entity" and will concentrate production, design and engineering in Sweden. Saab said it would continue to operate as normal during the reorganization process, with GM and the Swedish government providing some support.

McLaren MP4-12C Spider (2012) first teaser photo

McLaren today issued this first teaser photograph of the second model in its fledgling road-car line-up: the new McLaren MP4-12C Spider. No prizes for spotting it's a convertible version of the existing MP4-12C coupe. Expect it in showrooms later in 2012, priced to compete with the £198,936 Ferrari 458 Spider.