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Saab: ‘Game Over’ says Administrator Guy Lofalk
Tue, 06 Dec 2011Saab Administrator Guy Lofalk says the game is over at Saab Court Administrator for Saab – Guy Lofalk – says they have reached the end of the road with Saab with no money and no prospect of GM agreement. The death knell for Saab has been proclaimed more times in the last year than a ‘journey’ from an X Factor contestant. But, according to the Swedish Court appointed administrator for Saab - Guy Lofalk - the game is over.
New Honda NSX Concept debuts at Detroit 2012
Mon, 09 Jan 2012The new Honda NSX Concept Honda has revealed the Honda NSX Concept (Acura NSX Concept for the US) in Detroit this evening, a lightweight, hybrid, mid-engined supercar. A replacement for the Honda NSX (or Acura NSX for the US) has been on and off for years. But we knew the new NSX Concept was coming to Detroit and we thought it would have a passing resemblance to the Tony Stark car in the New Avengers.
UK's emergency Budget 2010: how it affects motorists
Mon, 21 Jun 2010Chancellor George Osborne will make the emergency spending cuts on Tuesday 22 June By Tim Pollard Motoring Issues 21 June 2010 09:51 The new UK Government's emergency Budget tomorrow is likely to announce a raft of spending cuts and tax rises bound to affect motorists. The new Conservative-Liberal coalition government is taking the unusual step of holding an emergency summer Budget to reduce the national deficit, which stood at £156bn in 2009-10. The senior Cabinet members signed off the details of the Budget on Friday, but the details won't be confirmed until Tuesday 22 June 2010.Here's our preview of what to expect if you're a car owner:VAT riseMost pundits agree that the rate of value added tax will rise from today's 17.5%. If raised to 20% – the upper limit expected – it could raise an extra £11 billion a year for Government coffers.