Saab EIB loan repaid by Swedish Government

Sweden has repaid Saab's EIB loan With Saab in administration, the European Investment Bank (EIB) has called in the Swedish Government guarantee on Saab’s loan. In the midst of Victor Muller’s efforts to restructure Saab, Saab received access to a European Investment Bank loan of €400 million, of which it accessed some €217 million. But just like any less than credit worthy individual Saab needed a guarantor for the loan, which they received from the Swedish Government.

Ford B-Max to get 1.0 litre 3-cylinder EcoBoost

2012 Ford B-Max - will get new 3-pot EcoBoost Reports of the imminent demise of the internal combustion engine have been greatly exaggerated. There’s plenty of life left in old technology yet, certainly enough to throw a spanner in to the benefits of hybrids and BEVs. And if an illustration of how the ICE is developing to cope with the needs of economy and emissions in this frugality motivated motoring landscape we now found ourselves inhabiting, we need look no further than the 1.0 litre, 3-pot EcoBoost engine Ford has developed.

Peugeot 308 R Concept: Peugeot’s hot 308 leaks ahead of Frankfurt

The Peugeot 308 R Concept (pictured) will debut at Frankfurt The new Peugeot 308 only got an airing back in May, and it won’t get it’s official public debut until the Frankfurt Motor Show next month. But Peugeot are already planning a hot version. The first photos of the Peugeot 308 R have surfaced this morning on Autowp and show an aggressive 308 with a very distinctive two-tone paint job.