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Bankruptcy looms for cash-starved Saab

The future is growing dim for Saab. Reports from Europe say the Swedish courts might soon declare Saab bankrupt--possibly as soon as Wednesday--because the company is out of cash. Saab recently won court protection from its creditors while it waited for funds.

Car insurance price fall is 'last hurrah'

THE PRICE of car insurance premiums is plunging, according to the AA. Average premiums fell 19.3% in the year ending June 30 2014 - the largest 12-month decrease since the AA index started 20 years ago. But the AA warned this could be the "last hurrah" for cheaper premiums and said the number of claims remained "stubbornly high" despite Government reforms to curb fraudulent injury claims.

Detroit Electric delays SP:01 EV

Detroit Electric will delay the SP:01 EV roadster for at least a month, according to a company executive who talked to the Detroit News. The company still hasn’t finalized a manufacturing location in Wayne County. Production was scheduled to start in August, now it’s slated for September.