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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.
McLaren F1 241mph record video
Thu, 27 May 2010McLaren F1 prototype XP5 hits 240 mph The last few weeks have been a bit of a McLaren F1 festival on Cars UK. But then it is 20 years since the team that created the McLaren F1 was first brought together, as yesterday’s F1 photos and info from McLaren were keen to tell us. All that needs to be written about the McLaren F1 already has been, but one thing we haven’t really covered in any detail before is the F1′s top speed record of 240.1mph, which stood as the world record top speed for a production car until the Bugatti Veyron stole that crown.
How to become a motoring journalist - and win £2000
Wed, 01 Jun 2011If you read CAR Magazine and CAR Online, are aged between 17-23, are based in the UK with a UK passport and fancy becoming a motoring journalist yourself, get ready to enter the industry's biggest award for budding young car writers. The UK's Guild of Motoring Writers and Jaguar have launched the 2011 Sir William Lyons Award to find the best talent of tomorrow. There's a £2000 prize - and the chance to get on the radar of the biggest car magazines and their editors.