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Rolls-Royce Wraith revealed: Geneva Motor Show 2013

The Rolls Royce Wraith has been revealed as a 624bhp V12 Fastback with 590lb/ft of torque and a 0-60mph of 4.4 seconds. Rolls Royce claim the Wraith as the most dynamic car they’ve ever produced and, even though it is still the size of a football pitch, it actually sits on a shortened Ghost wheelbase with a wider track to make it a bit more nimble. Rolls Royce has also stiffened the Ghost’s suspension for the Wraith (although not too much) for a bit less roll and added a bit more weight to the steering.

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.

Range Rover Evoque gets price drop for 2013

Land Rover has sold more than 6,000 Range Rover Evoque SUVs so far this year, making it the company's second-best seller behind the Range Rover Sport. To keep the momentum going, Land Rover has lowered the base price for the small SUV by about $2,000 for 2013, to $41,995. That's the price for the five-door Pure model, which eliminates the laminated-glass roof in favor of aluminum.