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Toyota GT86 Convertible? Meet the Scion FR-S Speedster

Scion FR-S Speedster Toyota Racing will debut a convertible GT86 in the shape of the Scion FR-S Speedster at the Toyota Grand Prix of Long Beach. Even before the Toyota GT 86 hit the roads we were expecting a convertible version to be not far behind. In fact, Toyota’s chief engineer, Tetsuya Tada, confirmed last month that the GT86 / Subaru BRZ / Scion FR-S was conceived as a convertible and that Toyota are working on a production version.

Ford Focus, Fiesta racers (2011): global motorsport

The new One Ford mantra is spreading to the race track - as the Blue Oval sends its motorsport division global too.  Announced at the 2010 SEMA show, the Fiesta R2 rally car will now be available in North America for the first time. And the all-new Ford Focus touring car (pictured) will race globally - it's anticipated to be in the 2011 British Touring Car Championship. Ford plans to coordinate and support private race teams around the world and is promising to help teams adapt the car to worldwide touring car categories.

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.