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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.

Ford Cortina: 50 years ago today…

Ford are celebrating 50 years since the first Ford Cortina was launched and changed the car landscape forever. The Ford Cortina went on to sell an impressive 4.3 million during its twenty year life, eventually turning in to the Ford Sierra and then in to the Ford family car of today – the 2013 Ford Mondeo (which, interestingly, can be had with the 1.0 litre EcoBoost engine – smaller even than the 1200cc of that first Cortina). That first Cortina was the start of Ford’s dominance of the UK car market, leading to an unbroken run of 35 years as the best selling car brand with most of the Cortinas, almost 3 million of them, built at Dagenham – in the days Ford actually built cars here.

Penalty points separate good girls and bad boys

MORE THAN 30,000 male drivers aged 17-20 have anything up to six penalty points on their driving licences. There is also a wide gulf between offending rates for young men and young women, with women drivers aged 20 or under only recording 9,758 instances of attracting three to six points. As many as 1,210 17-year-old males have accrued up to six points, with 358 currently having the maximum permissible six.