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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.

Nissan to offer zero-emissions e-NV200 commercial van in 2014

We all know that if there's one thing that delivery trucks like to do (UPS trucks excepted), it's to idle loudly in front of your home or office while filling the air with exhaust fumes as their drivers fill out paperwork on one of those metal pads. Scientific opinion around the world is split as to why delivery truck drivers do this, but one generally accepted explanation put forth by a group of Swiss scientists is that delivery truck drivers don't pay for their own fuel, and need to keep the radio on to listen to sports while filling out invoices. Well, Nissan is about to change all that, at least when it comes to eliminating the exhaust fumes generated by light commercial vehicles, with the introduction of the Nissan e-NV200 Zero Emission Van in the near future.

Cars Land to open on June 15 at Disney's California Adventure

Pixar's animated movie Cars will come to life on June 15 when Disney's California Adventure opens a real-life version of the Western desert road town of Radiator Springs. The 12-acre attraction will feature everything from a Flo's Drive-In and a Cozy Cone to a high-speed "Radiator Springs Racers" ride with six-seat, open-topped race cars fashioned after your favorite Cars characters. The race cars operate on a track similar to the one used for the General Motors proving-ground attraction at Disney's Epcot Center in Florida.