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New hardcore Ferrari confirmed

By Phil McNamara Motor Industry 08 March 2007 09:01 A lighter, faster, more hardcore F430 is due this year, Ferrari boss Luca di Montezemolo hinted at the Geneva show. In 2005, Maranello unveiled the F430 Challenge, a racing version which competes in the Ferrari Challenge Trofeo series. Enthusiasts have been eagerly anticipating a roadgoing Challenge, and Di Montezemolo's off-the-cuff remarks at Ferrari's Geneva press conference suggests we won't be waiting much longer.

Trains cancelled over broken-down taxi

TRAINS were cancelled after a taxi carrying the ticket conductors broke down on the way to the station - and health and safety policy bans them walking. London Midland yesterday told passengers it was cancelling two of its services from Birmingham New Street station in the city centre after the breakdown happened during what is usually a short journey by foot from nearby Snow Hill station. However, the rail operator has said its own safety policy bars the uniformed conductors from getting to the station on foot because they are carrying their ticket machines and cash from the days' takings.

Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.