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Saab says it will restart production after securing short-term loan

Saab 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.

Mercedes B Class F-Cell Hydrogen launched

Mercedes has announced the Hydrogen-Powered B-Class F-Cell The B Class F-Cell will go in to limited production later this year, and be leased to 200 customers in Europe and the US. The electric motor on the F-Cell is reckoned to be comparable to a 2.0 litre petrol car, but can manage the equivalent of 86.6 mpg. But it doesn’t suffer from the drawbacks of plug-in electric cars, taking just 3 minutes to refuel.

Mercedes E63 AMG Drifting at Brooklands

The 525bhp Mercedes E63 AMG gets blatted round the Brooklands track in the video below When you produce a mid sized saloon car with a great big 6.2 litre V8 you can be pretty sure that when journalists get the chance to play they’re going to be a little exuberant with your car. So why not get in first? That seems to be Mercedes thinking with the video they’ve produced of the E63 AMG strutting its stuff at a soaking wet Brooklands track.