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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.

New Citroen C1 revealed ahead of Geneva debut

The new Citroen C1 (pictured) revealed ahead of Geneva debut We’ve had the proper reveal of the new Peugeot 108 and a bit of a teaser photo for the new Toyota Aygo, and this morning we get the trio completed with the reveal of the new Citroen C1 ahead of its Geneva debut. We’d call the new C1 a 2014 model, but for some reason Citroen gave the current C1 an overhaul only a few months ago and made that a 2014 model, so we probably have to refer to this new one as the 2015 Citroen C1. Whatever model year to attach to it though, the new C1 is just a new Aygo or new Peugeot 108 in Citroen clothes and therefore offers much the same as those two cars.

Official: UK car production is booming

Nearly 10% MORE cars were produced in the UK this September compared to the same time last year, data released today from the Society of Motor Manufacturers and Traders (SMMT) has revealed What’s more, 1,125,433 cars were manufactured in the UK by the end of the month – that’s a 3.9% rise compared to 2012. September new car sales beat forecasts UK car sales hit four year high in 2012 This means UK car production has returned to pre-recession levels. The rolling 12-month total has now topped 1.5 million vehicles.