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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.
Watch world's longest car jump record attempt
Wed, 19 Mar 2014French rally driver and professional skier Guerlain Chicherit's attempt to beat Tanner Foust's Guinness World Record for the longest car jump ended badly on Tuesday, March 18. Chicherit was attempting to jump a specially prepared Mini Countryman 360 feet from ramp to ramp before a crowd of onlookers at Tignes ski resort in France, in an bid to beat Foust's 322 foot car jump record which has stood since 2011. It appeared that Chicherit was off to a good start with plenty of momentum, even though the surface may have been a bit uneven for an ideal departure ramp.
CAR Most Wanted of 2014: Mazda MX-5
Fri, 03 Jan 2014By the CAR editorial team First Official Pictures 03 January 2014 18:30 It’s still the ultimate sun-loving, value-packed roadster that’s untouchable this side of a Porsche Boxster. The rear-drive, two-seat MX-5 is an icon and, frankly, fans cringe that it’ll be messed up, such is its consistent excellence. Mazda’s SkyActiv philosophy should keep standards up, by bringing the 2014 roadster’s weight down. Mazda’s ethos is to optimise every component, from chassis architecture to drivetrains, to boost efficiency and driveability.