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More drivers opt for speed awareness course

Drivers caught speeding are now more likely to take a driver education course than accept points on their licence, according to the latest government statistics. 953,428 motorists took a speed awareness course last year – a hefty increase over the 500,000 that took part in 2010. New so-called ‘stealth’ speed cameras: don’t panic “Black box” drivers hit by speeding fines from insurers This is partly down to the rise in speeding fines from £60 to £100 – taking a speeding awareness course usually costs around £85 (depending on the area), which means it’s now less rather than more than the cost of a fine.

Saab: China’s Youngman submits new $2 billion offer

Youngman is committed to acquiring Saab The founder of China’s Youngman - Pang Qingnian – has revealed Youngman submitted a $2 billion offer to buy Saab from the administrators on 14th February. We’ve all seemingly written-off Saab as dead and buried; a once proud marque consigned to the scrap heap of history after the debacle of GM ownership and Victor Muller’s ill-fated battle to make Saab an in dependent marque. But there’s one man who hasn’t given up hope of securing a future for Saab, and that man is the Chinese billionaire founder of Youngman, the company which has already spent significant sums trying to acquire Saab, but has so far been thwarted by GM’s golden bullet.

Arizona auctions: Plenty of bidders are willing to buy

Friday's auction results from the four major auction houses continue on a strong streak, with sales reports topping even optimistic pre-event estimates. RM Auctions completed its second and final day of sales in Phoenix, posting results totaling an estimated $30.6 million, a record-high amount for this event. The Canadian-based company also garnered the most talked about sale of the day, a 1955 Mercedes-Benz 300SL steel-bodied "Gullwing" that sold for $1.375 million.