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News watch November 2011: today's auto industry news
Tue, 29 Nov 2011Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 29 November 2011• Saab's UK division today filed for administration as it waits for funding from its would-be Chinese investors (Automotive News Europe) • In a statement, Saab GB said: 'Saab Great Britain Ltd filed for administration with the High Court in London... The board of Saab GB is of the opinion that administration gives the company and creditors the necessary legal protection until the required funding for the company has been secured'• Frantic negotiations continue between Saab owner Swedish Automobile and its Chinese suitors, Youngman and Pang Da, which signed an MOU to buy Saab for €100 million.
Audi RS3 is revealed, packs 340 hp
Mon, 22 Nov 2010WITH VIDEO -- Audi has finally come clean on its RS3 Sportback, revealing photos and information about the four-door hatchback planned for European sale next March. The RS3 uses a turbocharged 2.5-liter inline five-cylinder direct-injection gasoline engine borrowed from the TT RS. The RS3 Sportback will not come to the U.S.
BBC 5 LIVE INVESTIGATES OUTSTANDING FINANCE ON USED CARS
Thu, 10 Oct 2013BBC 5 Live Investigates has reported that unwitting used car buyers are being chased for large sums of money, owed on loans taken out by previous owners. Leading vehicle information expert HPI has warned consumers to be vigilant on the risks of finance fraud and get protection with the HPI Check. The report suggested that car owners raising finance with logbook loans secured on their vehicles are selling the vehicles before settling their accounts, which is leaving buyers at risk of losing their cash - and the car.