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New car sales accelerate again

NEW CAR SALES could be back to pre-recession levels by the end of this year after a good start to 2014. Latest figures from the Society of Motor Manufacturers and Traders (SMMT) show there were 176,820 new vehicles registered in April - an 8.2% rise on the same month last year. Last month's figure took the total for the year so far to 864,942 - a 12.5% increase on the first four months of 2013.

Vauxhall: Three new engine ranges arriving in next year

Vauxhall Mokka - a likely recipient of the new Vauxhall engine range Vauxhall – and we assume Opel – are planning three new engine ranges to launch in the next twelve months. Vauxhall has revealed that they are planning a wholesale revamp of their engine range with the launch of three new engine ranges in the next year, starting with a new 1.6 litre turbo petrol. The new turbo petrol engine will get direct injection and start-stop technology that Vauxhall say will cut fuel consumption by 13 per cent.

U.S. equity firm to invest $70 million in Saab

Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.