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Japanese Grand Prix (2010) RESULT

Japanese Grand Prix 2010 Saturday qualifying at Suzuka was a wash-out; it felt like the monsoon season had arrived. But Sunday arrived bright and clear, qualifying was despatched post haste and Vettel took pole with Webber in second. Hamilton was third, Kubica fourth with Alonso and Button making up the third row.

Chevrolet Spark EV revealed

The Chevrolet Spark EV – an electric version of the Spark – has been revealed ahead of the Los Angles Auto Show this week with a 130hp electric motor. Key to the appeal of the new Chevy Spark EV is the sort of power and performance you’d normally only see in a little hot hatch. The Spark EV comes with an electric motor that churns out 130hp and a massive 400lb/ft of torque.

Saab unable to pay wages as financing crisis deepens

Saab'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.