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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.
Ford Focus ST gets 330 Cosworth horses
Thu, 01 Nov 2012Cosworth has prepared an extreme Ford Focus ST CS 330 for the 2012 SEMA Show with cosmetic tweaks and 330 hp. The Ford Focus ST finally went on sale in June, the closest thing we’ve got to a Focus RS, at least for now. But Cosworth has prepared their own Focus ST for this year’s SEMA show offering more power than the last generation Focus RS and almost as much as the run-our RS 500.
Citroen DS4 teased
Thu, 11 Feb 2010The first teaser shot of the Citroen DS4 We already have the Citroen DS3 – the ‘Luxury’ version of the C3 – and, as we reported last year, next in line are the DS4 and DS5. And the first to come will be the Citroen DS4 and Citroen have now started the inevietable ‘Tease’ with the picture you see above. The Citroen DS4 will be mechanically based on the new C4, but will be very much its own car.
