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Saab says it will restart production after securing short-term loan
Mon, 02 May 2011Saab 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.
New BMW X4 looks a winner: Geneva Motor Show
Thu, 06 Mar 2014The new BMW X4 (pictured) revealed at Geneva The arrival of the new BMW X4 at the Geneva Motor Show isn’t exactly a surprise, and nor is the fact that it’s very much the same as the X4 Concept we saw at the Shanghai Motor Show last year. What is perhaps a bit of a surprise is a price list that appears to price the new X4 about 15 per cent more than the comparable X3; the X4 xDrive 35d M Sport costing £48,990 compared to the X3 xDrive 35d M Sport at £42,900. Still, style comes at a price.
Show Review: Design LA
Mon, 18 Dec 2006Design LA, the automotive design conference that incorporates the Design Challenge competition, has announced its winners, during this year's LA Motor Show. Chuck Pelly, who set up Design LA last year, introduced the event and the judges for the Design Challenge: Tom Matano , Director, Academy of Art University; Imre Molner, Dean, College of Creative Studies; Steward Reed, Chair, Transportation Design, Art Centre College of Design; and Bill Van Amburg, Senior Vice President, Calsart. This year's nine competition entries had a brief to deliver a 100 percent recyclable, five-year lifespan vehicle with 'accoutrements that add fun or function to represent California's unique green lifestyle.' The Acura FCX 2020 Le Mans is a Le Mans-style race car concept notable for its enclosed wheels and motorbike style forward-inclined driving position between the front wheels (which can just be made out in the translucent illustration shown here).