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Saab says it will restart production after securing short-term loan

Saab 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.

Tesla Model S: European price revealed

Tesla has announced prices and model availability for Europe of the Model S – it starts at €72,600 – but no UK prices until late 2013. The Tesla Model S is garnering some impressive reviews now it’s out in the wild in the US, but it’s still some way from landing in Europe. But at least Tesla has come up with price and spec details for Europe, even though RHD models for the UK still don’t have a number.

Bentley gives Continental GT Speed even more power

The Bentley Continental GT Speed has never been accused of being a slouch when it came to power, bluntly incorporating the word Speed in its name, but it seems the company's engineers believe there is still room for improvement. And so for 2015 the Bentley Continental GT Speed and Bentley Continental GT Speed Convertible will receive a slight bump up in power, and will now offer 626-hp and 607 lb-ft of torque. That's up from 616-hp and 590 lb-ft of torque in the 2014 versions of this 6.0-liter W12 beast.