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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.
Design Contest: Michelin Challenge Design announces 2008 theme and call for entries
Tue, 30 Jan 2007Michelin Challenge Design, one of the world's fastest growing transportation design programs, has announced it will continue its focus on safety in 2008 under the central theme of 'Safety over Size.' The 2008 theme was announced at the North American International Auto Show in Detroit, where the Michelin Challenge Design exhibit showcased works from vehicle manufacturers, students, as well as the first full-size concept to be submitted by an independent entrant. Rising energy costs, urban congestion and environmental concerns are all contributing to an increased interest in smaller vehicles, but consumers are often hesitant to consider smaller vehicles due to safety concerns that are both real and perceived. Participating designers are encouraged to 'throw away the book' and to present ideas that enhance the real and perceived safety and security of smaller vehicles through design innovations in areas such as accident avoidance, enhanced driver controls, survivability and visibility.
Top Gear: Skoda Yeti, Ariel Atom V8, Porsche 911 & John Bishop tonight
Sun, 23 Jan 2011Top Gear Skoda Yeti Helipad We thought that Top Gear had kicked in to the start of a new series – Series 16 AB (that’s ‘After Boring’ Top Gear) – when we had the Three Wise Men Christmas Special and the preceding Top Gear East Coast USA Road Trip. But it was a trick; nothing more than an hors d’œuvre for the new series. But Top Gear series 16 does start tonight – 8pm BBC2 (GMT).