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Council’s Flood Excuses Don’t Hold Water - Poll

MEDIA interest might have died down but thousands are still dealing with the devastation caused by the recent flooding. Along with homeowners, motorists also battled rising water levels and deteriorating road conditions. However, according to a new survey of its members, the AA has said that as many as 68 percent of those polled said the extreme weather had contributed to poor road conditions but 67 percent blamed councils for not maintaining drains well enough.

Saab unable to pay wages as financing crisis deepens

Saab'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.

Mini E electric car(2008): first photos

By Tim Pollard First Official Pictures 20 October 2008 09:36 The Mini has finally gone electric. As scooped by CAR Online, the Mini E is a pure electric car and just 500 will be built for corporate and private customers in the US, although a handful could make it to London where there is also a limited recharging infrastructure. The Mini E will only be available for one year as part of a trial and at the end all will be returned to BMW.