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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.

Mini John Cooper Works concept (2014) first official pictures

By Ollie Kew First Official Pictures 17 December 2013 16:00 This is the Mini John Cooper Works concept, which previews the look of the hottest version of the new third-gen Mini. The new JCW takes the larger, third-gen Mini three-door, which was revealed at Oxford last month, and gives it a triple nostrilled front bumper, red bodywork accents and myriad (doubtless superficial) vents for a racier look than its predecessor. New intakes also usurp the previous car’s front foglights, and 18in five-spoke alloys ape the look of the outgoing Mini GP flagship.

Honda cuts 800 jobs at Swindon Plant

Honda is cutting 800 jobs at its Swindon Plant as demand for cars across Europe weakens and moving to a single shift system. We’ve not had a huge amount of bad news in the UK car industry for some time, but Honda’s decision to cut 800 jobs at its Swindon Plant is a tough pill to swallow for the workforce. Honda blames ‘Sustained conditions of low demand’ in Europe for the swathing cuts in its workforce in the, but believes the move is necessary to protect the long-term future of Swindon.