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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.

Britain's favourite car brands revealed

Earlier this week, we revealed the results of the Driver Power survey by Auto Express, where drivers were asked to rate their cars for factors including reliability, running costs and performance. Now, MSN Cars can exclusively reveal the results of the manufacturer survey. In short, according to more than 50,000 motorists, these are the most satisfying and reliable brands in Britain.

Porsche acquires Nardo Test Track as its new playground

Porsche Nardo Test Track (map from Google Earth) The enormous Nardo Test Track near Lecce, Italy, has been acquired by Porsche as a new testing ground. Top Gear viewers will probably remember the opening episode if the last series of Top Gear (series 18) with the Lamborghini, McLaren and Noble in Italy or, more specifically, in the Lecce region of Italy which nestles in the warmth of Italy’s heel. The Lecce region also houses the Nardo Test Track which is where the boys took their supercars to hammer round the slightly bumpy outer oval seeking top speed.