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2015 BMW 2 Series Convertible Price & Specs – costs from £29,180

The new BMW 2 Series Convertible arrives – and there’s an M235i version too As BMW changes its nomenclature, the BMW 2 Series Convertible arrives as a replacement for the old 1-Series Convertible and becomes the third BMW in the 2-Series range, joining the 2 Series Coupe and the FWD 2-Series Active Tourer. Due to go on sale in February 2015, the new 2-Series Convertible is looking to build on the success of the old 1-Series Convertible with a wide range of specs and powerplants – from the 220i and 220d to the range-topping M235i – and prices starting from £29,180 for the 220i Convertible rising to £37,710 for the M235i Convertible. Four power plants will be available in the 2-Series Convertible, with the 220i getting 184bhp, 228i with 245bhp, 220d with 190bhp and the range-topping M235i Convertible gets 326bhp.

Aston Martin Rapide coming home

Aston Martin Rapide - homeward bound It took Aston Martin what seemed like forever to get their four-door supercar – the Aston Martin Rapide – in to production, and even then they didn’t build it themselves. When they were busy planning production of the Rapide the world’s economy was buoyant, credit was a piece of cake and Aston Martins were flying out of the showroom. But the new economic reality bit in 2008 and sales fell at Aston Martin, but by then the plan to get the Rapide built at Magna Steyr in Austria was unstoppable so, despite Aston Martin workers twiddling their thumbs as Magna Steyr built Rapides, there as nothing to be done.

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.