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Seat IBL concept

Seat has unveiled its new IBL saloon and sports coupe crossover concept car, announcing that it is the next evolution of its design DNA. While the exterior of the IBL is understated, much emphasis has been placed on the design of the interior. Technology within the car displays information in three programs – ‘Travel' for relaxed driving, ‘Sport' for concentrated driving or ‘Efficiency' for focused fuel-efficiency of the plug-in hybrid drive.

Gatso revenues 'quadrupled' under Labour

The UK's blight of speed cameras have quadrupled the revenues raised from fines, say the Conservatvies By Tom Richards Motoring Issues 06 August 2008 13:04 A million extra speeding tickets are being dished out every year compared with when Labour first came to power in 1997, the Opposition claimed this week. The Conservatives have published figures proving that the number of speeding fines has leaped from 712,753 in 1997 to 1,773,412 in 2006. The shocking stats include fines given to motorists caught on camera as well as those stopped at the roadside by traffic police.

U.S. equity firm to invest $70 million in Saab

Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.