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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.
Fiat 500 by Diesel – now it’s the convertible 500C by Diesel
Sat, 10 Apr 2010The Fiat 500C by Diesel Fiat has been trying hard to churn out as many limited edition versions of the 500 as MINI have managed on their own re-created motoring icon. That’s probably an impossible target (we reckoned that MINI managed a new model a month last year) but that’s not going to stop Fiat having a good old bash at milking the ‘Limited Edition’ market. One of the earliest limited edition specials from the Fiat 500 was the ‘Style’ makeover from designers Diesel.
One Lap of the Web: Chevrolet, Caswell, custom Caterhams, crispy cars
Wed, 16 Apr 2014-- Louis Chevrolet -- along with brothers Gaston and Arthur -- were race-car pioneers long before Billy Durant ever made them into the Heartbeat of America. Louis was driving the No. 7 Frontenac when it caught fire at Sheepshead's Bay, Brooklyn, in September of 1919.