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California rules give push to 'green' vehicles in the near future

California regulators on Friday approved a plan that would require 15.4 percent of new vehicles sold in the state be electric, fuel-cell or plug-in hybrid vehicles by 2025. The rule--supported by major automakers--is part of a broader package of regulations called the Advanced Clean Car program designed to cut vehicle greenhouse gas and smog-forming emissions. The sweeping new auto emission standards could mean 1.4 million electric, fuel cell and plug-in hybrid vehicles on California roads by 2025.

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.

2012 BMW 3 Series launches in the UK from £29,060

The 2012 BMW 3 Series is launched in the UK The 2012 BMW 3 Series has been launched by BMW UK, with just three engines available at launch and prices starting at £29,060. It’s taken a few months from the debut of the 2012 BMW 3 Series back in October to actually launching it in the UK, but now BMW UK has officially launched the sixth generation of the car that underpins their sales. Last week we had the prelude to the official UK launch with a huge gallery of UK-specific new 3 Series Photos, and there’s not a lot more to say we haven’t covered already – we even had UK prices for the new 3 Series back in October.