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Changan Raeton
Wed, 06 Jun 2012Changan is predominantly active in the small car market, but the mid-sizes Raeton is aimed at entering the official and private vehicle markets, measuring in at a length of 4,920mm, a width of 1,825mm, while the car stands at 1,500mm tall riding on a wheelbase of 2,800mm. The development was based on the automaker's CD1-platform and was completed in its Turin-based European Design Centre, under the direction of Luciano D'Ambrosio and Chen Zheng. As early as the 2009 Shanghai auto show, Changan unveiled its CD101 concept car in attempt to explore the future design of the mid-size sedan.
UK car production hits six-year high
Thu, 23 Jan 2014The British car industry continued to boom in 2013, with production topping the 1.5 million unit barrier thanks to a resurgent Toyota, Jaguar and Land Rover. It means that last year, a car was built in the UK every 20 seconds! 20 reasons why the British car industry is booming UK car sales reach six-year high 1,509,762 cars produced was a 3.1% rise on 2013 – and, in further good news for Britain, it was revealed that 79.6% of them, or 1,201,395 cars, were exported to overseas markets.
Saab says it will restart production after securing short-term loan
Mon, 02 May 2011Saab 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.