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Saab is Dead – Spyker pulls out

The Grim Reaper arrives for Saab Saab has been in intensive care for what seems like forever. Last profitable around the time the dinosaurs died out it has been kept alive in recent years with funds from US car giant GM. But GM’s problems lead to the forced sale of Saab, and for a while it looked like Dr Koenigsegg had a cure for the ailing Swede.

Bentley EXP 9 F SUV – new photos & video

Following an appearance at Goodwood, Bentley has released new photos and video of the EXP 9 F SUV as its PR salvo continues. Bentley EXP 9 F – the Bentley SUV to be that might be more loved if Bentley gave it a real name – made a static appearance at last weekend’s Goodwood Festival of Speed, following which Bentley has released some new photos and a new video to put their monster SUV back in the news. We did catch sight of the Bentley SUV at Goodwood – although it wasn’t especially high profile as it wasn’t blatting up the hillclimb, unlike Bentley’s other offerings from the new Continental GT Speed to the Bentley Blower – and it looked much the same as it did at Geneva.

Tesla pays off its government loans

Tesla paid off the last of its $465 million government loans May 22, nine years ahead of schedule, thus outperforming most U.S. college graduates and the vast majority of American homeowners. Tesla used funds from a stock offering to finish the loan with a whopping bank transfer of $451.8 million Wednesday, pointing out that it was “…the only American car company to have fully repaid the government.” Apparently no one at Tesla was even born when Lee Iacocca paid off Chrysler's $1.2-billion government bailout ahead of schedule back in 1983.