Daimler consults Ford on turbo three-cylinder engine development

Daimler has strengthened ties with Ford Motor Co. after consulting with the U.S. automaker during the development of a three-cylinder turbocharged gasoline engine.

Audi A1 prices start at £13,145 in UK

Audi’s new A1 supermini has gone on UK sale today, priced from £13,145 for a 1.2 TFSI SE trim model to £18,280 for a range-topping 1.4 TFSI auto. That pitches the A1 slightly above the Mini, whose boggo First three-door kicks off at £12,620. But study the two rival supermini ranges from Audi and  BMW more closely and you’ll see they’re quite evenly matched.

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.