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Saab increase pay for Board members as Swedish Debt Office circles

Saab Meltdown gets closer It never rains, but it pours. And for Saab and Victor Muller it has been a year or more of almost unbroken storms, punctuated with just the odd ray of financial sunshine as Victor Muller combs the planet for investors to stake a claim in his chocolate teapot company. There has been no production at Saab of any consequence since April; many suppliers still remain unpaid despite substantial injections of cash from Chinese buyers; wages have not been paid and now, just to rub salt in the wound, it’s been revealed that board members received pay rises of up to 650 per cent in 2010.

Bugatti Galibier: Hybrid option & Autumn 2012 Launch confirmed

Bugatti Galibier will get a Hybrid option Every time we run a story about the Bugatti Galibier launch it feels like Déjà vu. Why, you may very well ask. Because we’ve been saying since the first time the Bugatti Galibier saw the light of day in September 2009 that the Galibier was an addition for Bugatti, not a replacement for the Veyron, and would launch in 2012 as a 2013 model.

Scion considers moving upscale

Toyota's struggling Scion brand may move upscale to challenge entry-level luxury models coming from European automakers. The new lower-luxury niche includes Mini, the front-wheel-drive Mercedes-Benz CLA arriving this fall and Audi's compact A3 sedan shown last week on the eve of the New York auto show. Scion has gone after young entry-level buyers since its inception 10 years ago but has lost its early momentum.