An oil-free future might sound like a pipe-dream right now, but that is exactly what Sweden is aiming for by 2030.

In just 21 years’ time, Sweden hopes to have kicked its oil habit. The country’s heavy investment in renewable fuels like ethanol and clean electricity are seen as the way forward.

Already, around 85 percent of [...]

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It appears that Saab will become the first of GM’s European subsidiaries to divorce itself from its beleagured parent. The Swedish automaker has filed for bankruptcy and is initiating procedures to re-establish itself as an independent company.

The announcement comes shortly after GM’s last-ditch failed bid to secure aid from the Swedish Government to prop up [...]

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It seems that if GM is to survive, it’s not going to be given an easy run. Especially in Europe where the UK, Swedish and German governments have all reacted cautiously to requests for £4.2 billion (AUD $9 billion) in government aid.

The UK government is considering a loan upon presentation of a plan for the [...]

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Times are tough, and when the accountants start breaking out the red ink something’s gotta give. Volvo, like pretty much every other car manufacturer, has been feeling the economic squeeze lately, and has just announced that it’ll be shedding a total of 4616 employees by the end of this month as part of an effort to [...]

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