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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.

Jaguar XKR-S GT revealed (+ video)

Jaguar has pulled a surprise with the reveal of a more focused, and expensive, XKR ahead of the New York Auto Show – the Jaguar XKR-S GT. The XKR-S GT doesn’t get extra power – the XKR-S already has 542bhp – but it does get lots of tweaks to make it more able to use the performance it has. That means a new bonnet with more vents to improve cooling, a new carbon fibre front splitter, new rear diffuser, an aluminium undertray at the front, a whopping great spoiler at the back and bits of carbon fibre floating around.

Vauxhall Astra VXR Extreme gets 300bhp

The Vauxhall Astra VXR Extreme (pictured) gets 300bhp When the Vauxhall Astra Extreme popped its head above the parapet at the end of January as a potential range-topping Astra, we did wonder if it was going to get more power as well as suspension and cosmetic tweaks. It is. Vauxhall still aren’t saying just how powerful the Extreme is, but they do say it will have ‘more than 300 pS if (and probably, when) it goes in to production.