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Saab says it will restart production after securing short-term loan

Saab 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.

College Exhibition: Institut Superieur de Design 2009

Valenciennes in northern France might not be the most glamorous of French towns but it's been quietly turning out transportation design graduates for over 20 years. The Institute Superieur de Design (ISD) isn't as well-known as Strate or Creapole in Paris, nevertheless it has a growing reputation as one of the most focused design schools in Europe with an enviable record of internships and employment of its graduates. Last month CDN was invited to join the final assessments of this year's graduate cohort.

Ssangyong relaunches brand with Giugiaro-designed Korando

Korean brand Ssangyong is back from the dead. After looking odds-on favorite to become another automotive casualty of the global recession after Chinese owner SAIC put it into receivership in early 2009, the 4x4 specialist has found a new owner in 2010 – signing a memorandum of understanding with Indian company Mahindra & Mahindra in August – and has just re-launched its brand with a new car designed by Giugiaro. The fourth-generation Korando mid-sized crossover – prefaced by the C200 concept shown at the April 2009 Seoul motorshow – is due on sale in January 2011 pending the expected completion of the Mahindra deal in November this year.