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M4 junction to close over tailbacks

A JUNCTION of the M4 motorway in south Wales will be closed as part of a trial to cut traffic tailbacks. The closure of junction 41 at Port Talbot starts this summer and aims to reduce congestion in both directions. Wales' Economy and Transport Minister Edwina Hart said studies predicted it would increase the capacity of the M4 by 11% westbound and 2% eastbound.

U.S. equity firm to invest $70 million in Saab

Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.

Zero tolerance to drink-driving urged

DRIVERS are being urged to pledge not to drink any alcohol before driving this summer as the police launches a new drink-driving campaign. The call comes from road safety charity Brake, which reports that the 2013 summer drink-driving campaign by the police breathalysed 100,892 drivers and 5170 failed the test. This summer’s football World Cup is a cause for concern for the police as drivers may be tempted to have an alcoholic drink while watching a football match before getting into their car.