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Saab drags in another €41 million – but it’s still not enough

Saab Trollhattan - sold, but leased back It’s a tough call, knowing how often to report on the financial woes still engulfing Saab. Do we rush to run a story every time we get a bit of information in from Saab, or elsewhere, on the latest developments? Or do we do a weekly roundup?

F1 Budget Cap – No two-tier system says Ecclestone

Bernie Ecclestone says there will be no two-tier system in the F1 budget cap row [ad#ad-1] All eyes have gone off the stunning start to this year’s F1 circus with the news that Ferrari, Renault, Red Bull and several other teams have threatened to quit F1 next year in protest at the budget cap proposal and the two-tier system that appears to create. In a nutshell, the FIA – lead by Max Mosley – has imposed a £40 million cap on F1 team expenditure for next year (excluding driver costs, marketing costs and transport), but has said that teams who don’t adhere to the cap can still compete, but will be handicapped. Not surprisingly, the richer teams have objected and, on the face of it, it starts to look as if F1 as we know it is going to bite the dust.

80% of drivers don't care about emissions

EIGHT OUT OF 10 drivers in the UK say they wouldn’t change their car to a lower emissions model to save on road tax. This stark admission from the nation’s drivers follows a survey that also found 65% of Britain’s motorists don’t know their VED (Vehicle Excise Duty), or road tax, is calculated on the carbon dioxide emissions of their car. Many drivers think their road tax is worked out based on the size of engine in their car.