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De Tomaso fails to sell
Sat, 25 Jul 2009The De Tomaso brand failed to attract a bid in auction this week But it appears that the liquidators for the De Tomaso assetts have already disposed of the factory and land, and this week the brand and trademarks were on the auction block, with a starting price of €1.6 million. But there were no takers. Not one.
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.
Second new London taxi of 2014 unveiled
Thu, 16 Jan 2014LONDONERS had better prepare themselves for another new generation of taxi, just days after Nissan confirmed its own assault on the Black Cab market. The plug-in hybrid Fraser-Nash Range Extended Electric Metrocab is capable of more than 75mpg and less than 50g/km of CO2, and is expected to cost no more than a current Hackney carriage. The company says the vehicle could save cabbies £30 to £40 per day in running costs and can go longer between fill-ups.