Telex Tc 200 on 2040-parts.com

Petrol sales '25% lower than 2008'

Petrol sales have plunged in the first half of this year – but diesel sales have risen sharply. Retail petrol sales for the period January to June dipped 5.8% compared with the same period last year, Government figures highlighted by the AA showed. The numbers amount to a fall of 512 million litres.

Victor Muller on Saab escapade: 'Painful'

Reports say that the Swedish government wants to question former Saab chairman Victor Muller as part of an inquiry into suspected tax offenses at Saab. Muller defended payments he received from the automaker in a recent interview with me and talked about how he has moved on from painful memories of Saab. The Dutch entrepreneur rejected criticisms that his 600,000 euro ($773,000) annual pay package at Saab was too large.

Toyota recalls the Lexus GX 460 SUV to upgrade stability software

Toyota on Monday said it is recalling about 9,400 copies of the 2010 Lexus GX 460 to update the stability-control software--just one week after Consumer Reports magazine warned that the vehicle was prone to oversteer in turns and urged its subscribers not to buy the vehicle. It's the latest in a series of gaffes that have damaged Toyota's reputation for high quality and led the automaker to recall millions of vehicles to fix problems such as sticking gas pedals. "Toyota's objective is to provide a high level of safety and quality, while meeting or surpassing governmental regulations," said Steve St.