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SECOND-HAND CAR MARKET REVS UP

THE SECOND-HAND car market is accelerating again, according to latest figures. A total of 1.8 million used cars were sold in the period July to September 2010 - a 4% rise on the same period in 2009, statistics from information services company Experian showed. The summer 2010 figure was 1.1% higher than the figure for the previous three months of April-June 2010.

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.

Dodge Durango Special Service police vehicle released, orders now open

Dodge has added another vehicle to the list of cars drivers should keep an eye out for if they're speeding, the Dodge Durango Special Service. Available for police, fire and “general fleet” customers, the Chrysler Group said it would begin taking orders now, with delivery expected in the second quarter of this year. “We're incredibly excited to add the Dodge Durango Special Service to our lineup of law-enforcement vehicles,” Peter Grady, Chrysler Group vice president of network development and fleet operations, said in a release.