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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.
Where are Britain's biggest car buyers?
Tue, 26 Nov 2013Jaguar If nothing else, the recent Used Car Market report – published by British Car Auctions (BCA) – reveals that when it comes to Great Britain and statistics, it's unwise to categorise us all into one great mass. How often do we read 'on average, a British driver does X', or 'a typical British driver will buy Y'? Well BCA's report suggests there's a real north/south divide and some of the results may surprise you.
Mazda’s Russian concept car: first picture
Mon, 16 Jun 2008By Tim Pollard First Official Pictures 16 June 2008 10:18 Want proof that the Russian car market is on its way to becoming one of the world’s biggest and most important? Mazda today confirmed it would build this bespoke concept car for the 2008 Moscow International Automobile Salon. The one-off show car will be a compact crossover specifically aimed at the Russian market.