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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.

Lamborghini shifts R&D focus from more horses to fewer pounds

Lamborghini's drivetrain wizards say they have all the horsepower they need for their super-fast cars. So from here on, performance gains will come from using lighter materials to reduce vehicle weight, instead of from chasing more engine thrust. "It has come to the point where acceleration equals consumption," said Stephan Winkelmann, CEO of the Italian automaker.

Land Rover Defender LXV celebrates 65 years of Land Rover

As part of the celebrations at Packington Estate – which was the original testing ground for the 1948 Defender prototypes – Land Rover are launching a celebratory Defender special edition – the Land Rover Defender LXV – based on the standard Defender and available in five different body styles and with the 2.2 litre diesel engine and 6-speed manual ’box. The Defender LXV gets the sort of toys no one could ever have envisaged on those early Defenders, including a Santorini Black or Fuji White paint job with Corris Grey roof, grille and headlight surrounds, full leather seats with orange contrast stitching, lots of ‘LXV’ badges and even the option of a Union flag on the back. John Edwards, LR’s Global Brand Director, said: Land Rover is celebrating 65 years of proud heritage.