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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.

Subaru Impreza

Following on from the Impreza concept that debuted at L.A last year, the all new Subaru Impreza, set to be unveiled at New York looks set to retain most of the concepts attributes. Subaru have officially 'teased' this side profile shot of the car, showing that the concepts pronounced arches, DLO and surfacing seems to have made the transition to production model, relatively unscathed. Subaru have been relatively scarce with information on the new model, other than to say that the new design results in a roomier cabin, with new level of comfort and refinement.

Goodwood Festival of Speed 2014 preview

By Michael Karkafiris Motor Shows 10 June 2014 13:16 The Goodwood Festival of Speed always stands out as a highlight in our automotive calendar and the 2014 event should be no exception. The iconic motoring celebration will take place from 26-29 June and this year Lord March is laying on all the usual treats plus a few surprises. The 2014 Festival of Speed's central feature will be Mercedes celebrating 120 years of motorsport achievements and a century since the famous 1-2-3 victory in the 1914 French Grand Prix.