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What We Drive: 1963 Pontiac Star Chief

I wouldn't say it was a sad hunk of Detroit iron, but the 1963 Pontiac Star Chief definitely looked lonely when I discovered it in a Michigander's backyard while delivering pizzas. It wasn't covered, and there was no For Sale sign, but I could tell it needed a home. The paint on the side of the car was in good condition, as far as I could tell.

BMW revives four-cylinders for better mileage

BMW is bringing four-cylinder engines back to the U.S. market as one response to the scheduled increase in fuel-economy regulations. BMW quit selling the four-cylinders for its 3-series lineup in 1999 because of low demand, but gasoline cost only $1.14 per gallon at the time.

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.