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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.

The 15 most significant cars of the 2011 Frankfurt motor show

Over 100 new cars were unveiled at the 2011 Frankfurt motor show, but which are the most important? From production cars to concepts that will never be built, CAR's road test editor Ben Pulman, decides on the 15 most significant models premiered at the IAA...  1 – Land Rover DC100 concept Chunky and funky, it’s Land Rover’s Evoque, the Defender urbanised, modernised and stylised for the 21st century. Range Rovers have become too ‘bling’, but the DC100 has the restrained elegance of the Disco 3 – we’ll ignore its bright yellow sister, the speedster-style DC100 Sport.

Audi updates the R8 LMS racer for 2010

By Sam Burnett First Official Pictures 09 March 2010 11:02 Audi has started delivering updated R8 LMS cars to racing teams across Europe ahead of the new season. Built to FIA GT3 spec, the ‘evolution’ cars will be delivered by mid-April 2010. Introduced in 2009, the the R8 LMS won three championship titles and 23 wins out of 73 races in its first year.What has Audi changed on the updated R8 LMS?The updated car includes changes to the chassis and suspension, a new six-speed sequential gearbox and a revised cooling system to improve the car’s performance in high ambient temperatures.