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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.
Living with a Jaguar XF: a CAR reader's long-term test
Fri, 25 Jun 2010I was definitely an XF ‘early adopter’. My S-Type had been reliable, relaxing transport with excellent ergonomics but the styling teetered nervously on the border between distinguished and frumpy. Then I saw the C-XF concept and was blown away with Ian Callum’s sleek, aggressively modern design.
Proton Satria Neo
Tue, 20 Jun 2006Malaysian car manufacturer Proton have launched the new Satria Neo three-door hatchback, which replaces the Satria model introduced 12 years ago. Having formerly sold re-badged and out-moded Mitsubishi-derived models, Proton have since established a relationship with Lotus Engineering that began with the Proton GTi. Though cars such as the Elise demonstrate the depth of Lotus' abilities, partnerships with other companies reflect their breadth.