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Saab says it will restart production after securing short-term loan
Mon, 02 May 2011Saab 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.
Porsche 911 Turbo S (2010) revealed +video
Mon, 08 Feb 2010Porsche has revealed the 2010 911 Turbo S - sales start May. Porsche has a habit of sticking the ‘S’ badge on the back of its Turbo cars as a Special Edition or run-out model. It did it with 993 and 996 911s, but this time the 997 Porsche 911 Turbo S is to be a stand-alone model at the top of the 911 tree.
Mazda MX-5 (2012) facelift pictures
Wed, 11 Jul 2012Updated 2012 Mazda MX-5s have begun rolling off the company's production line in Hiroshima, Japan. The updates improve brake and throttle reponse, pedestrian safety, and give the MX-5 a slightly wider-mouthed look. Give me the 2012 Mazda MX-5's details The more aggressive front grille design is more aerodynamically efficient, according to Mazda.