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Saab EIB loan repaid by Swedish Government
Sat, 28 Jan 2012Sweden 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.
Honda EV-Ster
Thu, 01 Dec 2011One of Honda's many debutants at Tokyo 2011 was the EV-Ster concept. The tiny two-seat roadster boasts an electric rear-wheel drive layout beneath the ‘dynamic and innovative' exterior styling. The heavily defined flanks and short over-hangs give the EV-Ster a sporting stance, the extensive use of carbon composites further confirming this, whilst the DRG boasts the familiar alternate energy family graphics.
McLaren MP4-12C: The build begins +video
Wed, 02 Feb 2011First McLaren MP4-12C being built You could be forgiven for thinking that McLaren had already started building their Ferrari 458 challenging car – the McLaren MP4-12C. After all, it’s been turning up all over the place for at least a year, and we even had a good view of the Volcano Orange MP4-12C from Goodwood as it passed us en-route to strut its stuff up the Goodwood Hillclimb last year. But the cars we’ve seen so far – even the Volcano Orange MP4-12C from Goodwood – were prototypes; McLaren’s running test beds for tweaking and refining the MP4-12C before the first cars reach customers this year.