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Vauxhall Ampera Earth – entry-level Ampera launched

The Vauxhall Ampera Earth has been launched as an entry-level Ampera with a lower spec. Costs £34,995 before Government grant. The Vauxhall Ampera car – Vauxhall’s take on the range extender Chevy Volt – is a clever and appealing car if it wasn’t for the silly price.

BMW plotting a hydrogen fuel cell EV

The BMW i3 EV (pictured) will eventually be joined by a hydrogen fuel cell BMW BMW has now taken its first fully-fledged step in to the electric car market with the BMW i3, revealed in full earlier this week. The i3 is a properly competent offering from BMW and it seems likely that, despite a price pushing on £30k even after the taxpayer bribe for EVs, that they will find a ready market in their affluent customer base for the i3 as a second (or third, or fourth…) car for local runarounds. BMW has even managed to negate range anxiety by offering the option of a range-extender engine in the i3 – basically a BMW motorcycle engine to charge the battery when it runs out of juice – so BMW’s customers who may wish to use their i3 for more than just a trip the shops can do so without getting stranded.

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.