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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.
2015 Chevrolet Corvette Z06 details leak, and it's going to have 620 hp and 650 lb-ft of torque
Tue, 07 Jan 2014We won't get a complete look at the specs of the 2015 Chevrolet Corvette Z06 until it makes its official debut at the upcoming Detroit auto show, but a web coding blooper means we get a sneak peak at some of its vital stats before the reveal. Specifically, it's set to get 620 hp and 650 lb-ft of torque -- a big boost over the 450 hp and 450 lb-ft of torque the base 'Vette enjoys. How did this happen?
Citroen DS5: UK debut at Top Gear Live
Tue, 18 Oct 2011Citroen DS5 to get UK debut at Top Gear Live The latest iteration of Citroen’s recreation of the iconic DS moniker – the Citroen DS5 – made a production-ready debut at Frankfurt last month, and now UK drivers will be getting their first chance to see the new DS5 at the Top Gear Live shows. And it’s a good move by Citroen to get the new DS5 front and centre at the Top Gear Live shows – which will be at the NEC in Birmingham and the ExCel in London in November – to prove to those who love cars just how good the DS5 is. From initial scepticism when Citroen first revealed they were reviving the DS badge, we’ve come to love what Citroen has done with the new DS cars.