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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.

Jaguar X-Type: 18,000 X-Types recalled in the UK

Jaguar X-Type Recall - almost 18k affected over possible cruise control malfunction The Jaguar X-Type, ‘Ford’ Jaguar’s stab at mopping up sales from BMW’s 3 Series and Mercedes’ C Class, is back in the headlines, with Jaguar issuing a recall for 18,000 X-Types in the UK – around 5 per cent of the total X-Type production. The cars affected are diesel-engined X-Type models made between 2006 and the end of X-Type production in late 2009, and the recall concerns the cruise control, which may not respond under certain circumstances. To be fair to Jaguar, the issue with the cruise control failing to respond has not come to light through any complaints from owners, but from an employee of Jaguar.

Toyota Prius+ gets a bit of a tweak for 2015

Toyota Prius+ gets a bit of a tweak for 2015 It’s more than three years since Toyota took the Prius and turned it in to the world’s only seven-seat MPV – the Toyota Prius+ – and more than two years since it arrived in the UK. So it’s time for a tweak or two. The cosmetic changes to the Prius+ are, by any standards, minor and consist of the normal facelift fodder with tweaks at the front – new grill design and badge and LED lights – and the back – redesigned bumper, slightly different lights and some trim round the numberplate – being pretty much it for the exterior.