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Saab says it will restart production after securing short-term loan
Mon, 02 May 2011Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.
Corvette Z06: The history
Fri, 17 Jan 2014Chevrolet recently introduced the 2015 Corvette Z06, claiming it as the most track-capable Corvette in the brand's history. The Z06 started out back in 1963, but since its introduction, it has been available in four of the Corvette's seven production generations. Now GM's FastLane blog has a nice deep-dive into the roots of what made it what it is today.
2012 Ford EcoSport arrives in Delhi
Wed, 04 Jan 20122012 Ford EcoSport - Delhi debut Ford’s new compact SUV – the Ford EcoSport – has been revealed at the Delhi Motor Show in concept guise ahead of a Summer launch. We first revealed the new Ford EcoSport was likely to be revealed at this month’s Delhi Motor Show early last month, after an over-eager web tech posted details on Ford’s India site by mistake. And we were right – the Ford EcoSport has now debuted in India in concept form ahead of a production release later this year.
