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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.

2013 Honda CR-Z Facelift: Price from £20,550

The price for the facelifted 2013 Honda CR-Z has been announced. The CR-Z Sport will start from £20,550 and the CR-Z GT will cost £23,050. So Honda revealed back in September that they’re giving the CR-Z a bit of a facelift for 2013, the main focus is on the running gear where Honda has upped the output of the 1.5 litre i-VTEC engine and attached electric motor to deliver 135bhp and changed the battery pack to a Lithium Ion one instead of the old  Nickel-metal hybrid.

Honda confirms 'mobile desk chair'

HONDA has announced details for a new version of its existing Uni-Cub ‘personal mobility solution’ – essentially a powered office chair. The Uni-Cub β is a development of the initial concept that appeared in 2012 as a bizarre solution to mobility around typical office-based work environments, although it would seem that no one at Honda had considered that humans have legs for that. It uses an omni-directional driving wheel system derived from Honda’s research into humanoid robots like the well-known ASIMO, allowing it to move in any direction according to the weight shifts of its user.