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Saab increase pay for Board members as Swedish Debt Office circles

Saab Meltdown gets closer It never rains, but it pours. And for Saab and Victor Muller it has been a year or more of almost unbroken storms, punctuated with just the odd ray of financial sunshine as Victor Muller combs the planet for investors to stake a claim in his chocolate teapot company. There has been no production at Saab of any consequence since April; many suppliers still remain unpaid despite substantial injections of cash from Chinese buyers; wages have not been paid and now, just to rub salt in the wound, it’s been revealed that board members received pay rises of up to 650 per cent in 2010.

Audi RS5 (2010) first official video

The Audi RS5 has been a long time coming. It was nearly two years ago that CAR’s Georg Kacher first scooped Audi's 21st century Quattro but now it's finally here and Ingolstadt has just released a video of the RS5 in action. The video is 11 minutes and 21 seconds long so make yourself comfortable, sit back and watch Audi’s new RS5 in action.

Mercedes-Benz reveals SLS E-Cell performance data

Mercedes-Benz has lifted the veil of secrecy on the plug-in-electric propulsion system of its upcoming SLS E-Cell, first revealed in concept form at the 2009 Frankfurt auto show. Set to go into limited production in early 2013, the zero-emission version of the German carmaker's signature gullwing coupe is set to rival a raft of new high-priced electric or hybrid supercars due out in the not-too-distant future, including the Audi E-tron, the BMW i8, the Jaguar C-X75 and the Porsche 918. The car is undergoing development at Mercedes-Benz's performance-car AMG unit and its British-based sister company, AMG High Performance Powertrains--the company behind Mercedes' latest 2.4-liter V6 Formula One race engine.