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Saab increase pay for Board members as Swedish Debt Office circles

Saab Meltdown gets closer It never rains, but it pours. And for Saab and Victor Muller it has been a year or more of almost unbroken storms, punctuated with just the odd ray of financial sunshine as Victor Muller combs the planet for investors to stake a claim in his chocolate teapot company. There has been no production at Saab of any consequence since April; many suppliers still remain unpaid despite substantial injections of cash from Chinese buyers; wages have not been paid and now, just to rub salt in the wound, it’s been revealed that board members received pay rises of up to 650 per cent in 2010.

New Ford Focus ST is Europe’s best selling hot hatch.

The new Ford Focus ST has become the best selling hot hatch in Europe in the last three months, outselling the Golf GTi and Renault Megane Sport. But the new Focus ST finally went on sale last summer, and started arriving in Ford’s UK showrooms in the Autumn, as the ST finally hit Europe’s roads. At a starting price of £21,995, a more aggressive look and decent performance – 0-62mph in 6.5 seconds – the new Focus ST is an appealing performance bargain, even if 250 horses through the front wheels is a big ask.

Mercedes plans electric version of SLS AMG supercar

Huge news at Mercedes-Benz: Engineers from its AMG performance-car offshoot are developing a plug-in electric version of the upcoming SLS supercar as part of a broad-based efficiency program to place the automaker at the leading edge of socially acceptable performance-car motoring. Tentatively planned for production in 2015, the new zero-emission supercar draws heavily on the production version of the yet-to-be-fully-revealed SLS scheduled to get its first public outing at the Frankfurt motor show on Sept. 15.