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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.

Trains cancelled over broken-down taxi

TRAINS were cancelled after a taxi carrying the ticket conductors broke down on the way to the station - and health and safety policy bans them walking. London Midland yesterday told passengers it was cancelling two of its services from Birmingham New Street station in the city centre after the breakdown happened during what is usually a short journey by foot from nearby Snow Hill station. However, the rail operator has said its own safety policy bars the uniformed conductors from getting to the station on foot because they are carrying their ticket machines and cash from the days' takings.

SEAT lets the train take the strain

SEAT by Train from the Martorell Factory to the Port of Barcelona The building of this project started in 2005 -  a joint venture between SEAT and Autometro – as an innovative way to transport cars from the factory to the port, and has made a big difference to the traffic on Catalan roads in that time, taking more than 20,000 lorries off the roads and racking up a big saving in SEAT’s carbon footprint. Throughout 2008 the rail link transported cars on twice daily runs on double-decker carriages over 400 metres long, carrying more than 170 cars at a time. Try doing that on the roads!