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Government abandons plan to make driving test tougher

Proposals to make learning to drive much tougher in a bid to improve road safety amongst young people have been abandoned by the government, Radio 1’s Newsbeat reports. The changes would have involved the introduction of a probationary licence for the first 12 months, a curfew on driving late at night and compulsory lessons on motorway driving. But plans have been scraped because they would restrict young drivers’ lives too much.

Saab deal no longer valid says Pangda Chairman. The end of Saab?

Saab deal with China not valid says Pangda Chairman Update 10 am 12/10/11: Saab & Pangda have issued a statement about this story and say that the reports of the Saab deal with Pangda and Youngman as being no longer valid are “…based on a misunderstanding”. Whatever that means. Yesterday there was yet more speculation that Saab will be declared bankrupt as real doubt about the deal with Chinese companies Pangda and Youngman started to surface.

Ferrari posts huge profits - by building fewer cars

AP Ferrari today announced an 8% jump in trading profits to €363.5 million in 2013 - despite selling 5% fewer cars. It's all part of the supercar maker's planned reduction in supply to keep values and demand for Ferraris rock-solid, Maranello reported. Turnover and profit all surpassed previous records, despite the reduction in the number of cars built.