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Bentley Continental Supersports Ice Speed Record – The Video
Wed, 16 Feb 2011The Bentley Continental Supersports Ice Record - Video below Yesterday we reported that Rally Champion Juha Kankkunen had – for the second time – taken a Bentley Continental to a new world speed record – on ice. As always, we had a picture to go with the story. But a picture can only say so much.
Bugatti Veyron Grand Sport & Super Sport China specials
Fri, 22 Apr 2011Bugatti Veyron Super Sport - carbon fibre special for Chinese client Really, we don’t need to look at economic groups of nations - like the G8 or G20 – to judge how affluent a country is, or is becoming. We should just look which countries buy a custom-built Bugatti Veyron. After all, titivating a Bugatti Veyron – any Bugatti Veyron – means there has to be a decent amount of cash floating around at the top of the financial tree.
Saab unable to pay wages as financing crisis deepens
Fri, 24 Jun 2011Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.' While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.