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56% of drivers 'underestimated car expense'
Thu, 10 Jul 2014MORE THAN half of people who have bought a second-hand car in the last two years have found it more expensive to run than they expected, according to a Government-backed body. Some 56% of motorists said that total cost, including maintenance, repairs, insurance and fuel had turned out to be higher than anticipated and one in five drivers (20%) have resorted to going into debt just to keep their vehicle on the road, the Money Advice Service (MAS) found. One in four (26%) of the 3,000 people surveyed who have bought a second-hand car since 2012 now has regrets about their purchase, with many of them saying they had not worked out whether it was really affordable or that the purchase price was too much in the first place.
New 2013 Bentley Continental GT Speed Convertible: Official
Wed, 02 Jan 2013The Bentley Continental GT Speed Convertible, the drop top version of the GT Speed, has been officially revealed ahead of a Detroit Auto Show debut. Just as expected, Bentley has transplanted all the goodies from the latest version of the GT Speed in to the GTC Speed, which means a fulsome 616bhp and 590lb/ft of torque from the delicious 6.0 litre W12 and, despite gaining more than 200kg to keep the huge Bentley stiff without its roof, the GT Speed Convertible manages to hustle to 62mph in 4.1 seconds – just a tenth slower than the tin-top Speed. That extra lard does have more impact as you head towards 100mph with the convertible taking 0.7 seconds more, but there’s not exactly a paucity of power on offer.
Chinese bank may join Saab rescue deal
Mon, 05 Dec 2011Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.