Another day, another new story for Svenska Aeroplan Aktiebolaget �or, as you might know it, Saab. The Swedish company announced on Wednesday that it has entered a �25 million convertible bridge loan from Gemini Investment Fund Limited. The loan�s annual interest is 10% and the conversion price is �1.38 per share, while Saab can at any time repay the loan, presumably when the expected Pang Da and Youngman Lotus funding is received, without a penalty.
Upon viewing this accident that was caught on a security camera for the first time, the initial reaction is shock: a large bus (seemingly) drives through a red light and crashes with an oncoming bus at the intersection. Take a closer look at the footage though and shock is quickly followed by bewilderment when you notice a small green vehicle, which looks to be a three-wheeler tuk-tuk (or rickshaw), passing between the two busses milliseconds after the impact and just as the second bus falls onto its side! From what we can tell, the green tuk-tuk came from the park and turned right on the central road. The accident reportedly happened in Bangladesh on Monday. Check it out for yourself in the clip after the break.
The picture may seem familiar: Chinese and German businesspersons on the same table signing some papers, while German Chancellor Dr. Angela Merkel, and Chinese Prime Minister Wen Jiabao, standing behind them with their country flags are floating in the background. Only this time the Germans are Daimler�s executives, not Volkswagen�s, and the other signatory is BAIC (Beijing Automotive Industry Corporation).
Gordon Murray is best known as the mastermind behind the creation of McLaren�s F1, which at its time was the fastest supercar of the world � and, before that, for his work and revolutionary ideas in Formula 1 teams such as Brabham. However, that was a long time ago and now Murray is obsessed with creating a unique city car. So today his company, Gordon Murray Design, unveiled in London their latest ultra compact city car, the T.27. It is a project that was completed in just 17 months from conception to a running prototype, including the design of a new electric powertain by Zytek Automotive Ltd.
