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Saab unions threaten bankruptcy action over unpaid wages

Unions at Saab, which is unable to pay wages to its workers, threatened today to start a legal process that could end in bankruptcy for the iconic brand. The IF Metall and Unionen groups said they would send a formal demand for payment on Monday if their members had not received their wages. "Then the company has seven days to react," IF Metall representative Veli-Pekka Saikkala told Reuters.

Audi A2 EV & A1 Range-Extender dropped

It seems Audi is getting cold feet on its electric car plans with the Audi A2 EV and the Audi A1 Range-Extender reported to be dropped. It’s starting to look as if car makers are waking up to the reality that electric cars are not something car buyers, on the whole, want to spend their hard earned cash on. We recently reported that the BMW range of EVs is being re-thought with the BMW i3 likely to be just a range extender and plans to extend the i-BMW beyond the i3 and i8 Supercar put on ice.

Japan freeway clogged by supercar pileup

Nearly $2 million worth of vehicles were wrecked in a 14-car crash in Japan on Sunday. The pileup involved eight Ferraris, a Lamborghini, three Mercedes-Benzes and two Toyotas. The fancy car convoy was headed from Kyushu to Hiroshima when the driver of a red Ferrari skidded while switching from the right lane to the left on the rain-soaked expressway.