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Saab says it will restart production after securing short-term loan
Mon, 02 May 2011Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.
Hyundai i-oniq concept car (2012) first pictures
Thu, 01 Mar 2012If, like us, you think Hyundai's on a stylistic roll, wait until you see this. The new Hyundai i-oniq concept car signals the next stage of Hyundai's Euro-focused design lanuage. The i-oniq concept car will be shown at the 2012 Geneva motor show on 6 March.
Chrysler Ypsilon revealed
Mon, 14 Feb 2011Lancia Ypsilon - a change of badge will make it the Chrysler Ypsilon We only reported the other day that Lancia are coming back to the UK with a Chrysler-badged Ypsilon. And it’s probably a little disingenuous to say that the Chrysler Ypsilon has been revealed. It hasn’t. But the Lancia Ypsilon has, and all that will change when the Ypsilon comes to the UK this Summer is the badge to morph the Lancia Ypsilon in to the Chrysler Ypsilon.