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GM disbands unit that creates high-performance vehicles

General Motors, focusing on mainstream products in a battle to survive, has scrapped a unit that produced high-performance vehicles. GM on Wednesday disbanded High Performance Vehicle Operations, which is based at the company's suburban Detroit technical center, and redeployed its engineers, spokesman Vince Muniga said. "All high-performance projects are on indefinite hold," Muniga said.

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 Saab were adamant that the quote attributed to the Pangda Chairman that the Saab deal was no longer valid was a ‘misunderstanding’.

Weather creates travel misery

BRITAIN’S bleak midwinter continued today with strong winds, floods and fallen trees causing chaos to travellers trying to get away for Christmas. On the roads, many major routes were flooded or blocked by fallen trees, with Kent, Hampshire, Surrey, Sussex and Cornwall among the affected counties. In Dorset fire crews had to rescue 25 people trapped in their cars by flood water, while as many as 100,000 homes across the country were left without power.