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Saab increase pay for Board members as Swedish Debt Office circles

Saab Meltdown gets closer It never rains, but it pours. And for Saab and Victor Muller it has been a year or more of almost unbroken storms, punctuated with just the odd ray of financial sunshine as Victor Muller combs the planet for investors to stake a claim in his chocolate teapot company. There has been no production at Saab of any consequence since April; many suppliers still remain unpaid despite substantial injections of cash from Chinese buyers; wages have not been paid and now, just to rub salt in the wound, it’s been revealed that board members received pay rises of up to 650 per cent in 2010.

Is the V8 a dying breed? Auto engineers expect more turbos, smaller engines

The V8 engine, a symbol of power and prestige for more than a century, is looking more and more like an endangered species. A panel of powertrain experts speaking on Tuesday at the 2009 SAE World Congress painted a bleak picture for big engines in this era of tightening emission standards and volatile fuel prices. But smaller engines will not mean drivers have to give up performance.

Volvo set to excite with new Concept XC Coupe

VOLVO’S new design language has been taken to the next level with the first glimpse of a concept that previews its future ‘XC’ series of cars. The Concept XC Coupe will be given its full debut at the North American International Auto Show (NAIAS) in January, but Volvo has released a trio of pictures as a teaser ahead of time. In each of the pictures the car is capped by a slimline roof box, which hints at its lifestyle aspirations.