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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.

Bentley sales in China hit new record

Bentley boss Wolfgang Duerheimer at last year's Shanghai Show. Bentley has revealed that China has now overtaken the US as its biggest market with 578 sales in the first quarter of 2012 – up 84.9 per cent. This time last year we reported that Bentley sales were flying in China and closing in on the US as the most important market for Crewe’s products.

Dodge Charger Pursuit to pace this weekend's Phoenix NASCAR races

Dodge isn't wasting any time after seeing Monday night's wrecks at the Daytona 500. This weekend, we'll see some police cruisers on the track. The 2012 Dodge Charger Pursuit will pace the March 3-4 NASCAR races in Phoenix.