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Crash driver ran up £95k hire bill

A TRAIN GUARD ran up car hire bills of more than £95,000 after his £8,000 Mercedes was written off in an accident, a court has heard Sameer Umerji, from Bolton, Greater Manchester, entered into a credit hire agreement with a car rental firm which ran for around 18 months, judges were told. Detail has emerged in a written ruling by the Court of Appeal - after Mr Umerji and insurers became embroiled in litigation. One appeal judge, Lord Justice Underhill, said the car hire sum was "remarkable" given the value of the Mercedes.

GM, Koenigsegg sign deal on Saab sale

General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.

Gordon Murray Design's eight new models revealed

By Ben Oliver Motor Industry 17 August 2010 09:29 Legendary car engineer Gordon Murray has revealed exclusively to CAR Magazine that he is working on eight new cars. Seven are lightweight, low-emissions cars based on his radical new iStream manufacturing technique, and the last is a new supercar that he says will have 'an enormous amount in common' with his iconic McLaren F1.You read CAR's first full appraisal of the T25 in the new September 2010 issue of CAR Magzine, out on 18 August. We've a full six-page feature on the T25 and you can see the full photoshoot by John Wycherley (tasters above).Murray unveiled the first of his eight planned products, the T25, at the Ashmolean Musuem in Oxford at the end of June.