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Councils to cut roadworks red tape

COUNCILS in England could soon have the power to cut red tape and make road works much quicker and more accountable. The plan is to introduce permits for any company that wants to dig up a road, which means they will have to co-ordinate their work with other companies and local authorities to reduce the impact of delays on the public. The permit scheme could come into force as early as April 2015 and means anyone applying for a permit to carry out road works will need to present a convincing case for the work.

Saab says it will restart production after securing short-term loan

Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.

VW extends used-car warranties to all brands

The Volkswagen brand, as part of its push for 800,000 U.S. sales by 2018, has a new used-car warranty program to help dealers sell trade-ins from other brands. This October, VW rolls out "WorldAuto," which extends a limited one-year, 12,000-mile warranty to used non-VW makes and models.