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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.

Lotus Evora GTC ready to race

Lotus released the details of its Evora GTC race car on Friday, which just found its first customer in McMahon Raceworks with Condor Motorsport. The team will enter the car in the Grand-Am Rolex Sports Car Series. The engine and the transmission of the GT4 Enduro version are carried over.

Volkswagen Up gets auto ‘box

VW has added an automated manual gearbox across the Up! range which improves emissions and economy. Costs £595.