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Skoda Octavia (2013): first official pictures

This is the new 2013 Skoda Octavia. For its third generation, the Octavia gets its cleanest, most efficient engines yet and the full gamut of tech upgrades available on the new Mk7 Golf - all wrapped up in a more sober, Czech-style package. The new Octavia is also lighter than the old car and, with the arrival of the mid-sized Rapid, has grown from family hatch proportions to fight the Ford Mondeo and Vauxhall Insignia.

Ferrari 400 Superamerica sells for £2.3 million

The 1962 Ferrari 400 Superamerica Cabriolet Pininfarina SWB - record price The world’s in the depths of the worst recession in a generation (or three). Banks aren’t lending to anyone who needs it – just to those who don’t. The Greeks are up in arms at the prospect of actually paying any tax and the Euro is on the edge of collapse (actually, the Euro was always an accident waiting to happen).

Saab enters Court Protection – just as we predicted

Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.