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New Bentley Continental GTC (2012) arrives too late for Summer

2012 Bentley Continental GTC - revealed ahead of Frankfurt Bentley are busy updating their cars, a process which started with the new Bentley Mulsanne and carried on with the 2012 Continental GT this time last year. And now, just too late for summer, we get the 2012 Bentley Continental GTC – the one with the soft top. As you would hope, in an age when lightness and frugality are key, Bentley has managed to cut the weight of the new Continental GT – but only by 70kg over the current model.

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.

Frankfurt 2011: Hyundai i30 (2012) engine details revealed

Hyundai i30 (2012) engine details revealed We’ve had plenty of news on the 2012 Hyundai i30 in the last few weeks, but until now we’ve had no confirmation of what’s going to be on offer under the bonnet. But Hyundai has put that right now the new i30 has made its official debut at Frankfurt. We also now know that – just like almost every new model launch – the 2012 i30 has grown.