Spyker Cars N.V. announces today that Spyker has entered into a USD 25 million convertible loan agreement with an investment company owned by Heerema Holding Company Inc. The USD 25 million loan has a two year term, an interest of Euribor plus 10 per cent and is convertible into shares at EUR 4 each. This loan secures the funding necessary to close the Saab transaction as the first USD 25 million has already been paid to GM on January 26, 2010...More

The smart fortwo cdi is maintaining its top position among the most environmentally friendly cars with a combustion engine. The smart fortwo cdi now emits just 86 g/km of CO2 – less than all its competitors. A high level of environmental friendliness is an innate characteristic of the iconic and successful smart fortwo. The diesel model - the smart fortwo cdi - always underlined this claim with carbon dioxide emissions of just 88 grams per kil...More

Industry experts predict that the new Jaguar XJ will have class-leading residual values; better than Audi, BMW and Mercedes-Benz over the next three years. EurotaxGlass's publish the car industry's residual value bible the Glass's Guide that the trade use to value cars of all ages. Their independent experts predict that a new Jaguar XJ, which will be launched in March 2010, will be worth more than the equivalent Audi, BMW and Mercedes-Benz aft...More

Peugeot’s eagerly awaited RCZ Coupé has been voted the most beautiful car of the year 2009 at the 25th International Automobile Festival. As part of the 25th International Automobile Festival, an online competition was created to select the most beautiful car of 2009. The Peugeot RCZ was selected from the votes cast by over 100,000 internet users in 62 different countries around the world. It is the fourth time Peugeot has won this prestigi...More