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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.
Bentley EXP 9 F SUV at 2012 Geneva motor show
Mon, 05 Mar 2012This, believe it or not, is Bentley’s new SUV. Currently a concept, the Bentley EXP 9 F has been unveiled tonight on the eve of the 2012 Geneva motor show at the VW Group’s pre-show party. But the Bentley EXP 9 F shouldn’t remain a concept for long: it’s going into customer clinics across the world just as soon as the Geneva motor show is finished, and Bentley chairman and chief executive Dr Wolfgang Dürheimer has told CAR he plans to build this car (or rather, this Range Rover-sized 4x4).
AW Design Forum: Style remains key as transportation systems evolve
Thu, 14 Jan 2010The entire way Americans view transportation is going to change, predicts industry expert David Muyres, and designers will be key in making new methods of mobility desirable. Speaking at the AW Design Forum on Thursday morning in Detroit, Muyres said transportation needs to be looked at as a complete system, where cars, cities and technologies--such as the electrical grid--all interact. But for this to work, the cars need to remain exciting, said Muyres.