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Saab: Muller seeking €600 million Chinese Bank loan to placate GM

Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.

Toyota Urban Cruiser hits the UK

The Toyota Urban Cruiser hits UK Car Showrooms today [ad#ad-1] Toyota’s baby 4×4 – The Toyota Urban Cruiser – hits UK showrooms today after being unveiled at the Paris Motor Show last year. Looking like a Toyota Land Cruiser that’s been through a boil wash, the Urban Cruiser is designed to take sales from buyers of super minis looking for something a bit different. It’s also looking to take sales from drivers of conventional sized 4x4s who love the high driving position, but are looking for something a little more economical in the current climate.

Renault Zoë ZE electric car 'to cost £13,000' in UK

By Tim Pollard Motor Industry 13 May 2010 07:55 Renault's new electric cars may turn out to be cheaper than we expected. We had been looking to a price comparable to modern turbodiesels, but a senior executive has told us that the new 2012 Zoë ZE city car will be priced from just €15,000. 'The Zoe will cost around €15,000, or £13,000 in sterling,' said global vice president of sales and marketing, Stephen Norman.