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Lexus LF-Gh Concept the new Lexus GS, or not?
Tue, 05 Apr 2011The first Lexus LF-Gh tease It started with a website that proclaimed the arrival of the Lexus LF-Gh Concept at the New York Motor Show this month. And now it’s moved on to the first teaser photos. To be expected.
Volvos to get twin-clutch gearbox
Wed, 14 May 2008By Ben Pulman Motor Industry 14 May 2008 13:33 Volvo’s C30, S40 and V50 are now available with a new six-speed twin-clutch ‘box – dubbed Powershift – mated to the company’s 134bhp 2.0-litre diesel. The new twin-clutch gearbox has been developed with Getrag (and Volvo's parent company Ford), and is basically the same unit recently announced in the Focus and C-Max. Volvo claims the new gearbox offers an 8 percent improvement in fuel consumption over a conventional six-speed automatic.
Saab EIB loan repaid by Swedish Government
Sat, 28 Jan 2012Sweden 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.