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JLR announces £16.3m Evoque_e research project
Sun, 03 Nov 2013Jaguar Land Rover has announced it will invest £16.3 million into an ‘Advanced Powertrain Research Project’ – which could lead to an electric Evoque_e version of its small SUV. Jaguar Land Rover will work in conjunction with British technology company and race car manufacturer Zytek Automotive to develop new hybrid and battery-electric vehicle technology. On Bing: see pictures of the Range Rover Evoque Find out how much a used Range Rover Evoque costs on Auto Trader Although the collaborative research project has been named ‘Evoque_e’, neither organisation has yet confirmed if an alternatively-fuelled Evoque off-roader is in the pipeline.
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.
Drive cars for free at Ford EcoBoost Challenge
Thu, 27 Mar 2014Ford is giving potential customers a chance to drive its EcoBoost turbocharged, direct-injected vehicles in the fashion they were intended: on the track. The company is kicking off its EcoBoost Challenge, taking place in 12 cities across the U.S. starting April 12.