Jet Ford Computer Module 79812 on 2040-parts.com

EVs rev up for Act 2

After years of preproduction buzz, the Chevrolet Volt and Nissan Leaf are generating interest among the people who count most: buyers. Most owners are charging their cars at home without any issues. They brag about cruising past the gas station.

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.

Land Rover OKs LRX-based small SUV for Range Rover

Land Rover will put its striking LRX concept car, first displayed at the 2008 Detroit auto show, into production with the help of a $37.1 million grant from the British government. But in a move suggesting it will be pitched further upmarket than originally intended--against four-wheel-drive rivals such as the Audi Q5, the BMW X5 and the Mercedes-Benz GLK--the LRX will reach showrooms wearing Range Rover badges. "Internal studies have shown that if we deliver the LRX to market, it would be best suited to the Range Rover brand," Land Rover boss Phil Popham said.