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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.

Gordon Murray Teewave AR.1

Gordon Murray Designs has announced the latest addition to its range of electric vehicles in the form of a two-seat sports car. Following on from the diminutive T.25 city car, the Teewave AR.1 is an all-electric roadster that features a carbon monocoque chassis, designed in such a way that it can be applied to a variety of vehicle types. The AR.1 sports car was designed in close collaboration with Toray Industries, a Japanese carbon fiber specialist.

How the car world salutes military members and marks Veterans Day

Eddie Rickenbacker was one of the pioneers of open-wheel racing, and he later owned Indianapolis Motor Speedway. Sandwiched in between, he was one of America's most celebrated flying aces of World War I. With prowess on the track and service to his country, the aviator had four starts at Indy and won the Congressional Medal of Honor.