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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.
Maserati Quattroporte (2013): the first official pictures
Tue, 06 Nov 2012Maserati has unveiled the new 2013 Quattroporte – the luxury sports saloon which has been the mainstay of Modena since the current car's launch in 2004. The new Maserati Quattroporte will be shown at the 2013 North American International Auto Show in Detroit, with left-hand drive sales starting in spring 2013. However, right-hand drive UK sales of the new QP are unlikely to begin before June 2013.
MG6 CO2 emissions reduced to 129g/km
Thu, 17 Oct 2013The MG6 may have just become a little more appealing, with the news that the GT and Magnette diesel variants are now more efficient than before. CO2 figures are down from 139g/km to 129g/km and average fuel consumption has been improved from a claimed 55.3mpg to 57.6mpg. This results in the MG6 dropping a tax band from E to D.