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.

Concept Car of the Week: Lancia Bertone Sibilo (1978)

The second half of the ‘70s saw automotive design fall into an era of uninspired and uninspiring economic cars finished with cheap plastic add-ons and stuffed with beige itchy fabrics. Working from the little Bertone studio in Turin, it seems Marcello Gandini didn't get the memo and carried on drawing futuristic wedgey supercars. With the Sibilo, he pushed his signature angular style to a new level of modernity.

Sacramento, Salt Lake City, Los Angeles top road frustration study

Weather, crashes, traffic and attitude--these are the things that make our commutes unbearable. Now, the RoadIntel.com Web site has ranked cities based on its "road frustration index." The index is based on how weather affects the roads, the amount of traffic, the number of crashes and driver sentiment, which is calculated by searching for keywords such as "traffic jam" and "stuck" on Twitter. On the site, you can look at cities ranked day by day and even hour by hour.