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Saab says it will restart production after securing short-term loan

Saab 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.

Drink-drive advert breaks new ground

A NEW TELEVISION ADVERT to warn of the dangers of drink-driving is the first ever to deliberately use a drunken presenter. In the advert, an actor who was recorded the evening before having taken several alcoholic drinks is heard to slur, stumble and giggle as he tries to describe how is body feels in reaction to the alcohol. However, the film shows the same actor the next day when he appears sober but his body is still dealing with the alcohol.

Drink-and-drive deaths down in 2007

By Tom Richards Motor Industry 08 August 2008 12:08 The latest figures from the Department for Transport show the number of people killed in drink-driving accidents in the UK fell in 2007. According to the data the number of fatal accidents dropped by 16 percent from 2006 to 2007 (from 490 to 410), while the number of deaths in these accidents fell 18 percent (down to 460 in 2007 from 650 in 2006). But while the number of deaths is going down, hospitals are still being kept busy as drink-drive casualties rose from 11,840 in 2006 to 12,260 in 2007, a jump of four percent.