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Caterham in surprise motorbike racing move

Caterham has today revealed it is moving into motorbike racing, with the launch of a Moto2 World Championship team that will debut in 2014. The two-bike team will compete in the feeder series to the ultra-popular MotoGP championship, with one rider – American Josh Herrin – already being confirmed for one of the race seats. Caterham AeroSeven unveiled in Singapore Caterham Seven 165 prototype stars at the 2013 Frankfurt Motor Show Caterham will team up with Swiss motorcycle racing experts Suter Racing Technology to design the new bike.

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.

Megane Renaultsport 275 Trophy revealed

Meet the hottest Renaultsport Megane ever – the Megane Renaultsport 275 Trophy, which Renault hopes will eat the SEAT Leon Cupra for breakfast around the infamous Nurburgring test track. Packing, you guessed it, 275hp, the 275 Trophy has an extra 10hp over the standard Megane Renaultsport. Exact performance figures are still to be confirmed but Renault tells us the Trophy will return 37.7mpg, with peak power from its twin-turbocharged engine coming at 5,500rpm.