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Volkswagen XL1 priced at £98,515 - 30 coming to UK

By Nikolai Attard Motor Industry 30 June 2014 15:16 Volkswagen has announced the price for the energy-efficient XL1, which has now gone on sale in the UK. Only 200 VW XL1s will be built, with up to 30 making their way to deep-pocketed early adopters in the UK. The XL1 was on show at last weekend’s 2014 Goodwood Festival of Speed where it silently whirred up the hill in front of 50,000 spectators on Sunday.

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.

Ultra-rare Steyr Puch 500 goes to auction

£18,000 might seem like a lot of money for a car based on the original Fiat 500, but this particular Steyr Puch example is one of just 33 ever built. Austrian firm Steyr Puch entered into an agreement with Fiat in 1954 after production was halted during World War II, and began production of the 500 under licence. Only 33 right-hand drive examples were ever produced, and of those only two survive; this example and one in the Steyr Puch museum in Austria.