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Saab secures more funds as it seeks to avert collapse

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'.  Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.

UK Car Sales up again in November (2012)

The Society of Motor Manufacturers and Traders has revealed that new car sales grew again in the UK in November – up by 11.3 per cent. At some point, new car sales in the UK must surely start to ease as the economic pressure bite, but so far in 2012 we’ve had an inexorable rise in numbers. The latest figures for November show new car sales (well, to be precise, new car registrations – which include Pre-Reg cars) up by an impressive 11.3 per cent, following on from a rise of 12.1 per cent in October, with private buyers driving sales rather than fleet.

MINI Baker Street and MINI Bayswater arrive

MINI Bayswater and MINI Baker Street Two new MINI Special Editions named after London districts arrive in the form of the MINI Baker Street and MINI Bayswater. MINI decided around this time last year that they would name all future limited editions after London districts, since which time we’ve had the MINI Hampton and MINI Pimlico followed by the MINI Soho and even the MINI London to get a bit of extra mileage out of BMW’s Olympics 2012 sponsorship. And now we get the MINI Baker Street and MINI Bayswater.