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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.

2014 Aston Martin Rapide S rips out 550 hp

If you remember nothing else about the updated 2014 Aston Martin Rapide–now with an S added to the name–keep this in mind: Power surges 80 hp to a whopping 550 hp from the naturally aspirated 5.9-liter V12 engine. Aston Martin dipped into its expertise gleaned from the World Endurance Championship GT competition to fortify output and efficiency. Torque increases to 457 lb-ft (from 443 lb-ft), and top speed is pushed 7 mph to 190.

Mini aims to add 3 models by decade's end

BMW's Mini brand will add three models by the end of the decade, said Kay Segler, Mini's global boss. Segler would not disclose details about the models but said they will likely use an all-new BMW Group front-wheel-drive platform that debuts with the second-generation Mini Cooper hardtop in 2014. The added vehicles will bring the number of Mini models to 10.