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Vauxhall DROPS Lifetime Warranty – quietly during the Paris Motor Show news rush

Vauxhall DROPS Lifetime Warranty Vauxhall trumpeted the arrival of a Lifetime Warranty for all their new cars 4 years ago, a move that was designed to show confidence in their cars and tackle the substantial warranties on new cars offered by companies like Hyundai and Kia. But now, in a lesson doubtless learned from ‘bad news’ burying in politics, Vauxhall has revealed they’re dropping the Lifetime Warranty from 2015, no doubt hoping it won’t make headlines in the middle of the news rush from the Paris Motor Show. So now, instead of a lifetime warranty (which was really only for 100,000 miles) buyers of new Vauxhalls will get a fairly bog-standard 60,000 mile/3 year warranty.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.

New Lotus Esprit still on schedule

The new Lotus Esprit - on schedule for launch in 2011 or 2012 The next Elise will probably be a development of the existing car, rather than anything radical and new. But the Esprit will be an all new V8 based on the new Evora chassis. It will be longer and wider than the Evora, but will still feature a mid-mounted engine and, in all probability, come as a convertible in time.