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Saab EIB loan repaid by Swedish Government

Sweden 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.

Citroën Creative Award winners announced

The 2012 Citroën Creative Awards presentation ceremony was held last week, with ten prize winners receiving awards for their submissions in a global competition. The contest, which attracted over 800 entries from 87 different countries, was organized into three main categories, in which both experienced and amateur designers were encouraged to take part in. Wouter Van Vugt, a Dutch graphic designer, for his entry ‘Junior Driver', won the ‘Ideas Contest', which focused on the traveling comfort of future Citroën cars.

Infiniti M35 Hybrid: first official photos

By Tim Pollard First Official Pictures 08 October 2009 16:16 We've known it's coming, but here is the first look at Infiniti's new petrol electric exec: the M35 Hybrid. As signalled by the Essence concept car, Infiniti is keen to stress that its hybrid cars won't be just about saving pennies – they'll be fun to drive too. Sounds like a dig at sensible old Lexus to us.The new Infiniti M35 Hybrid will be the upmarket Nissan arm's first hybrid in its 20 years of building exec rivals to the default Audis, BMWs and Mercedes.