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Longtime auto journalist David E. Davis Jr. dies
Sun, 27 Mar 2011David E. Davis Jr., inarguably one of the deans of automotive journalism, died on Sunday, March 27, at age 80. Davis had been suffering from bladder cancer and underwent surgery a few days earlier.
Saab EIB loan repaid by Swedish Government
Sat, 28 Jan 2012Sweden 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.
Ssangyong Korando Crossover (2010): the return
Wed, 03 Nov 2010Ssangyong has been on a knife edge for the past year, as the Korean parent company went into administration. But it's bounced back and now has new owners in the shape of Mahindra & Mahindra. The company's relaunching in the UK with the new Ssangyong Korando crossover, but you'll have to wait a couple more months before its arrival in January.