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2014 Performance Car Show Ready For Action

BRITAIN’S Best Driver’s Cars will take to the Live Action Arena at the Performance Car Show, running alongside Autosport International at Birmingham’s NEC from 9-12 January. Led by supercars such as the 468bhp Porsche 911 GT3 and the Aston Martin V12 Vantage S, ten cars will parade through the 5,000-seat Live Action Arena. Also assembling in the arena will be the Mercedes-Benz A 45 AMG, featuring the most powerful four-cylinder engine in production, as well as the Toyota GT86, Jaguar F-Type S, Porsche Cayman S and Ford Fiesta ST Mountune.

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.

Honday Odyssey minivan recalled due to fire risk

Honda is recalling some 886,815 Odyssey minivans manufactured between 2005 and 2010, citing a risk of fire due to a possible fuel leak. The cause of the recall, which was announced on the NHTSA website on March 13, is a a cover on the fuel pump strainer which Honda believes can deteriorate and crack. The manufacturer stated that the fault can lead to a fuel smell or to a fuel leak which would pose a risk of fire.