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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.

Rain, wind and snow to batter UK

FLOOD VICTIMS are bracing themselves for yet more misery as heavy rain, wind and snow is set to batter Britain. Forecasters warn that the appalling conditions which have ravaged communities show no signs of abating, with heavy rain expected today and Saturday. A "multi-pronged attack" of wind, rain and snow is expected to strike tomorrow, with heavy rain leading to more potential flooding as downpours of up to 40mm (1.6 inches) could fall in just six hours, with gusts of up to 70mph, a Met Office spokesman said.

New Jaguar XE will return up to 75mpg – lightweight aluminium accounts for 75% of structure

The new Jaguar XE’s lightweight construction will deliver up to 75mpg The Jaguar XE will debut officially on 8 September, and Jaguar are busy rolling out details of what the XE will offer to keep interest and expectations high. Today’s instalment in the ‘What will the XE offer? ‘ series of technology teases focuses on the XE’s light weight and frugality.