Police to man busy London junctions

THE METROPOLITAN Police will deploy 650 officers to busy London junctions today in response to the recent wave of cyclist deaths. The surge will see 2,500 officers hand out leaflets and fixed penalty notices at 166 junctions marked as the capital's worst. It comes after six cyclists died in two weeks in collisions with lorries, buses, and coaches - some mere hours apart.

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.

Skoda Rapid Spaceback stars at the 2013 Frankfurt Motor Show

The Rapid Spaceback - it sounds like the kind of name you'd give to the world's fastest car. Or some kind of spaceship. But no, the Rapid Spaceback is the latest offering from Skoda and it's making its debut right here at the 2013 Frankfurt Motor Show.