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Citroën Creative Award winners announced
Mon, 12 Mar 2012The 2012 Citroën Creative Awards presentation ceremony was held last week, with ten prize winners receiving awards for their submissions in a global competition. The contest, which attracted over 800 entries from 87 different countries, was organized into three main categories, in which both experienced and amateur designers were encouraged to take part in. Wouter Van Vugt, a Dutch graphic designer, for his entry ‘Junior Driver', won the ‘Ideas Contest', which focused on the traveling comfort of future Citroën cars.
Record-setting Ferrari hydroplane heads for RM's Monaco auction
Fri, 17 Feb 2012A record-setting Ferrari-powered 1953 hydroplane, ARNO XI, will cross the block in May at the RM Auctions event in Monaco. The hydroplane set the speed record for a boat of its size on Lake Iseo in northern Italy, running up to 150.19 mph. Designed and built by Achille Castoldi—a friend of Ferrari Grand Prix drivers Alberto Ascari and Luigi Villoresi—convinced Enzo Ferrari to provide knowledge and technical assistance to help develop the world-record-holding boat.
Saab EIB loan repaid by Swedish Government
Sat, 28 Jan 2012Sweden 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.