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EyesOn Design Awards Winners announced

On the second day of the Detroit auto show, the traditional EyesOn Design awards took place in the newly-opened Atrium Stage of the Cobo Hall. For the first time in its eight-year history, the judges of the competition (who include present and retired design directors from almost every major automotive OEM) awarded the 'Best Concept Vehicle' award to two designs – the Ford Atlas and Nissan Resonance, beating the Hyundai HCD-14 Genesis and Lincoln MKC concepts to the award. In the production car category, the Cadillac ELR was a somewhat surprise winner, beating internal GM rival, the new Corvette Stingray to the award.

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.

Honda gives CR-Z hybrid hot-hatch the green light

By Ben Whitworth First Official Pictures 13 July 2009 12:18 Honda has confirmed that its nifty CR-Z hybrid hatch will get the production go-ahead for a UK debut early next summer. The announcement was made by new Honda boss Takanobu Ito – the engineer behind the NSX – and the CR-Z will join Honda’s line-up of Integrated Motor Assist-powered cars alongside the Insight and Civic hybrid. Yes, but with a timely green twist.