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Saab: Muller seeking €600 million Chinese Bank loan to placate GM
Thu, 08 Dec 2011Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.
Driven: Lexus IS-F
Mon, 18 Aug 2008The Lexus IS-F is a significant new design for one core reason: it introduces a performance sub-brand parallel to that of the M-cars from BMW, AMG from Mercedes-Benz, and the S and RS sub-brands from Audi. This then is Lexus making a logical next step to further encroach on the established German premium brands. BMW originated the premium brands' performance sub-brand with the 'M for Motorsport' M3 of 1986 (the M1 supercar of 1978 preceded that, but was a singular model, not a performance derivative).
54,000 learner drivers have points
Tue, 01 Jul 201454,000 LEARNER DRIVERS have received penalty points on their licences before even passing the driving test. This equates to 22% of all learner drivers on the road and the majority (60%) are for speeding offences. Other common causes for learner drivers to accumulate penalty points on their provisional licence include jumping a red light (43%), driving without insurance (33% and driving carelessly (15%).