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Ford Kuga launched in Australia – but it’s the old Kuga

The old Ford Kuga is the new Ford Kuga in Australia In what seems an odd move, the current Ford Kuga has been launched in Australia, just weeks from the debut of the 2012 Kuga in Geneva. You can’t have failed to notice that the 2012 Ford Kuga is just round the corner – and due to debut at Geneva in March – and we’ve already seen most of what the new Kuga has to offer with the debut of the new Ford Escape at Los Angeles last November. But despite the world readying itself to put in an order for a new Kuga, our Antipodean cousins are only now getting the chance to buy a Kuga, but its not the all new Ford Kuga, rather the Kuga we’ve had for the last four years.

May Sale For Regal Bentley

IT’S time to shake the piggy bank as a 1970 Bentley T1 once owned by His Grace the Duke of Devonshire is being offered for sale without reserve at Silverstone Auctions’ May Sale on Saturday 24th May. The car is being offered for sale due to lack of use by its current owner Leslie Bricusse, the English composer famous for writing a string of hits including the theme to James Bond’s Goldfinger, Sammy Davis Jnr’s What kind of fool am I, and Nina Simone’s Feeling Good. During the Duke’s ownership, notable passengers included Her Majesty The Queen, former Prime Minister Harold Macmillan, poet and writer Sir John Betjeman, and both Princess Alexandra and Princess Margaret.

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.