Nissan GT-R full details

By Ben Barry First Official Pictures 24 October 2007 05:50 So the car they called Godzilla is back? It is indeed. We’ve been waiting for Nissan’s supercar scarer to return since the concept was unveiled back in 2001.

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.

Driving licence costs to be cut by almost a third

The cost of a driving licence is going down Actually the cost of applying foe a driving licence is a drop in the ocean compared with just about every other motoring cost, but the news that the Government are planning to cut the cost of anything is always welcome news. The Roads Minister, Stephen Hammond, has announced that the Government is planning to cut the cost of applying for your first driving licence from £50 to £34 if you process your application digitally and by 15 per cent if you do a paper application. That will also see the 10 year renewal of photo licences fall from £20 to £14 and driver tachograph card – for commercial drivers – will also drop from £38 to £32.