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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.

Think City EV Cup Edition (2010) first official pictures

Manufacturers have been trying to make their racers more economical for some time now; Audi and Peugeot have produced diesel Le Mans winners and CAR reviewed the Porsche GT3 R Hybrid in the June 2010 issue, but this the most recent fully electric offering from Norwegian company Think.   Think has followed the traditional road-racer conversion for this one-off prototype, by stripping out most of the interior and space for the passenger, using Perspex instead of glass in the windows, installing a solitary lightweight bucket seat and lowering the centre of gravity. The company claims the diet reduces the Think's weight by nearly 70kg; that's the same saving as a Lamborghini Gallardo Superlegerra, remember.

Umea Institute of Design prepares for annual Degree Exhibition

The Institute of Design is housed in a converted power station and purpose-built premises on the banks of the Umea River. The school has an atmosphere that is open and light, and all students have their own personal workspace within this environment. There are well-equipped workshops for woodwork, metal, plastic, clay modelling, assembly and painting.