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Saab funding from China likely delayed. Gets loan from North Street Capital

Saab gets funds from North Street Capital Last week we had Saab and their Chinese ‘backers’ getting in a bit of a muddle over funding. Which is what we’ve come to expect. Saab were adamant that the quote attributed to the Pangda Chairman that the Saab deal was no longer valid was a ‘misunderstanding’.

BMW 1-Series M Coupe (2011): more details

BMW's readying a pocket-sized M3 for those on a smaller budget: the BMW 1-Series M Coupe. While official information remains scarce on this 2011 pocket rocket, we've grabbed a few more pointers to its performance and stats. Set to be launched in early 2011, the 1-series based M spells a return to more lightweight M cars after the X6 M and its ilk that strained relations with the most fervent M division fans.

Councils make £594m from parking

RECORD SURPLUSES from parking revenues have been achieved by councils, according to the RAC Foundation. In 2012/13 councils in England generated a combined "profit" of £594 million from their on and off-street parking operations, the foundation said. This was a 5% increase on the figure of £565 million for 2011/12, and just 52 of the 353 parking authorities in England reported a deficit in 2012/13.