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Saab secures more funds as it seeks to avert collapse

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'.  Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.

Merry Christmas 2013 from all at Cars UK

Merry Christmas 2013 from all at Cars UK It’s that time of year when, whatever your beliefs, it’s a great excuse to kick back, relax, enjoy good food and drink and chill. So, even though we run regular car news every other day of the year, we get let off the leash to scatter to family gatherings and forget the travails of reporting the latest car news on Christmas Day. This year, just as we have in many previous years, we bring you Bernie Ecclestone’s take on Christmas 2013, the usual Bernie cartoon take on what’s been his event of the year in F1.

Ariel Atom V8- Price update

The new Ariel Atom V8 will cost £120,000 Back in May we reported that the Ariel Atom V8 was in the pipeline, a range-topping 500bhp version of Atom’s road-track monster. Which is twice as much power as the standard Atom – which churns out around 245bhp – and a massive 200bhp more than even the Supercharged Atom. Even in standard spec the Atom manage 0-60mph in a blistering sub 3 second sprint, thanks to its almost non-existent bodywork and ultra low weight.