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Saab EIB loan repaid by Swedish Government

Sweden 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.

Ford confirms Fiesta EcoSport SUV debut in India

Fiesta EcoSport SUV (rendered by Car & Driver Brazil) Ford has confirmed they will reveal an all-new vehicle planned for introduction in India and other global markets which we assume is the EcoSport SUV. A week or two back we reported that Ford in India has inadvertently posted some details about the upcoming Ford Ecosport, a high-riding compact SUV based on the same platform as the Fiesta. We speculated that the EcoSport would arrive at the Auto Expo 2012 in New Delhi in January, and it looks like Ford has confirmed that.

BMW Z4 M Sport Package released

BMW is to debut the M Sport Package for the Z4 at the Detroit Auto Show Back in September we brought you some pictures of what at first glance appeared to be a BMW Z4M, despite BMW making it clear that they are not going to build an M car this time round. But it actually turned out to be a Z4 with M Sport Package zapping round the Nurburgring looking, to all intents and purposes, like a new hot Z4. Almost three months on BMW has finally got round to revealing the M Sport Package for the Z4 which will – just like the BMW Z4 sDrive35is we reported on yesterday – debut at the Detroit Motor Show in  January 2010.