Saab China: Deal to sell Saab to Youngman & Pang Da is already in trouble

Will GM stop the sale of Saab to China? Selling Saab to China was always going to be fraught with difficulties. The initial deal Victor Muller seemed to have brokered with Youngman and Pang Da was to sell a majority stake in Saab for €245 million but leave Victor Muller in charge.

Mercedes & Mauro Calo set new world drifting record (video)

Mercedes C63 - tyres alight We put you on notice last week that a Mercedes C63 AMG – being driven by Mauro Calo – was going to attempt a new world drifting record at MB World. Well, as we suspected, they had little trouble claiming the record. Mauro Calo is very familiar with Mercedes and with the track at MB World.

Petrol price hits three-year low

THE PRICE OF FUEL at the pumps has fallen to a three-year low, according to AA figures. As of yesterday, the UK average petrol price was 129.12p a litre - the lowest since February 23 2011 - while the average diesel price was 133.55p a litre, the lowest since February 6 2011. AA public affairs head Paul Watters said: "Asda triggered something of a supermarket price war on Tuesday, which was enough to send average UK pump prices to their lowest for more than three years.