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POTHOLES cause 'over £1 billion in damage every year'

POTHOLES are costing British drivers £1.2 billion every year due to damage to suspension, steering and wheels. This is a 16% rise in the cost of damage to cars on the UK’s roads and the weather has played a major part in the rise in the number of potholes. Councils say they don’t have the money to deal with the problem due to budget cuts and there has also been an 18% increase in the number of dangerous potholes reported during the past 12 months according to the Asphalt Industry Alliance (AIA).

Koenigsegg backs out of deal to buy Saab

Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.

Car Finance: ING pull out of UK luxury car finance market

ING has pulled out of the UK luxury car finance market leaving a finance hole estimated at around £1.2 billion. If you’re in the market for a high-end car, chances are you’ve sought out the services of a finance broker after the car dealer’s finance rates came as a bit of a shock. And if you have, there’s a very good chance you’ll have ended up with a cracking finance deal written by ING.