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Saab secures more funds as it seeks to avert collapse

Mon, 27 Jun 2011

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.

McLaren 12C Spider confirmed for July 3 reveal

Fri, 29 Jun 2012

McLaren Automotive officially announced on Friday that it will reveal the 12C Spider, an open-top version of the MP4-12C supercar, on July 3. There has been much speculation about an open-top version since the release of the original MP4-12C. In a video interview, McLaren Formula One driver Jenson Button extols the virtues of open-top driving.

Toll road plans 'to be scrapped'

Tue, 03 Dec 2013

CONTROVERSIAL plans to create the UK's first toll road for a decade are to be dropped, it was reported. Improvements to the A14 will instead be paid for by the Government, the Financial Times said. The proposed toll is part of a scheme to widen and improve a heavily congested 25-mile stretch in East Anglia which carries traffic from the port of Felixstowe to the Midlands.