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Car spending 'more than holidays'

NEARLY HALF of drivers in the UK spend more disposable income on their car than anything else, according to a survey. Spending on cars (47%) easily outweighs the amount spent on holidays (21%) and socialising with friends (13%), the poll from Halfords Autocentres showed. But the survey also found that 10% of drivers were cutting back on car maintenance to save money.

Goodwood Festival of Speed 2011 preview

Lord March has kicked off the countdown to the 2011 Goodwood Festival of Speed at the annual press preview. The theme is Racing Revolutions - Quantum Leaps That Shaped Motorsport. Lord March said it meant a mouth-watering array of cars, celebrating tech advances such as 4wd, carbonfibre and monocoque construction. Naturally, there are a number of anniversaries to celebrate: the centenary of the Indianapolis 500 race, 100 years of Chevrolet, the Jaguar E-type's golden birthday and 110 years of Skoda motorsport involvement.

Spyker said to be General Motors' only candidate to buy Saab

Spyker Cars NV is the only buyer under consideration for the Saab brand and is seeking to line up funding that will satisfy General Motors Co., a person with direct knowledge of the situation said. Financing has been a main obstacle to a deal, said the person, who declined to be identified because the information isn't public. The proposal from Spyker, a Dutch sports car maker, had included a Russian partner that GM rejected, and Spyker was seeking to arrange financing that didn't include that partner, the person said.