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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.

Thomas Ingenlath: Volvo Concept C to end 'vanilla' design era [w/Video]

Volvo has promised a radical change in its future design language that will be embodied in its Concept C coupé, the first concept to be developed since head of design Thomas Ingenlath's appointment in July 2012. Our first look at the concept, which debuts at this month's Frankfurt motor show, comes from a video starring Ingenlath (see left). At first it seems to just show him sketching while he explains how some people see Volvo design as "vanilla" – nice, but not iconic or cutting-edge – but if we slow it down at around the 11-second mark, we get a preview of what we can expect.

Special-edition Jaguar XKR 175 confirmed for Pebble Beach reveal--and the U.S. market

A limited-edition, high-performance Jaguar called the XKR 175 will debut at Pebble Beach later this summer in celebration of the historic brand's 75th anniversary. The name of this speed demon actually indicates the number of units that will be made for the United States. Jaguar says 175 will reach U.S.