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New Rolls Royce Wraith on the road (video)
Wed, 12 Jun 2013The new Rolls Royce Wraith hits the road The new Rolls Royce Wraith – revealed at the Geneva Motor Show in March – is Rolls Royce’s answer to the sport credentials of Bentley, and it’s a convincing effort. Essentially a Ghost Coupe, the Wraith’s styling is, perhaps, a little jarring with its almost dog humping back end, but from some angles it also looks remarkably elegant for a two door coupe that’s the size of a delivery truck. But the key to the Wraith’s appeal – apart from the sumptuous fixtures and fittings – is its dynamism and power, with 624bhp on tap from its v12 (and an earth-turning 590lb/ft of torque too) enough to shift the Wraith to 60mph in a very un-Rolls Royce 4.4 seconds.
Saab unable to pay wages as financing crisis deepens
Fri, 24 Jun 2011Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.' While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.
Carfest dates announced for 2014
Tue, 12 Nov 2013CHRIS EVANS has announced his popular Carefest shows will take place again in 2014, with dates confirmed as 1-3 August and 22-24 August. Hosted by the car-loving Radio 2 DJ, Carfest North on 1-3 August will be held at Oulton Park racing circuit in Cheshire. Three weeks later, Carfest South will take place at Laverstoke Park in Hampshire, owned by former Formula One World Champion Jody Scheckter, on 22-24 August.