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Saab says it will restart production after securing short-term loan

Saab 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.

2013 Maserati Quattroporte night testing (video)

Maserati has released a video of the 2013 Quattroporte out night testing ahead of a Detroit Auto Show public debut. The new Quattroporte is bigger and more powerful than the current model and leaves Maserati room to introduce a smaller version – the new Maserati Ghibli – to take on the sports saloons from BMW, Mercedes and Jaguar. To be honest, the video tells us little we don’t already know about the new Quattroporte (except perhaps that it has frameless glass in the side windows), but it does indicate how keen Maserati are to keep the new Quattroporte’s PR momentum on the move ahead of its debut.

Noble and Green's new 1000mph speed record bid

By Tim Pollard First Official Pictures 23 October 2008 09:13 Land speed record holders Andy Green and Richard Noble are teaming up set a new land speed record, they announced today. The pair are preparing to break through the 1000mph barrier for the first time, 12 years after they set today's 763mph record. The two speed specialists today launch the Bloodhound Project – which will sire a 6.4-tonne supersonic car.