The Carlovers Magazine

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• Opel Insignia OPC Unlimited let loose to 270km/h
• Sweden Gives Conditional Okay for Saab Financing Plan
• Tognum Rejects Daimler, Rolls-Royce Bid
• Chrysler May Launch Debt Offering in June
• Lotus Lines Up Restructuring Loans
• Toyota, Honda Extend Production Slowdowns
• Nissan to Fix Leaf EV Software Problem
• Aston Martin Opens First Dealership in India
• “Clean” Energy Patents Jump by Two-Thirds in U.S.
• Nissan to Fix Leaf EV Software Flaw

Opel Insignia OPC Unlimited let loose to 270km/h Posted: The German engineers behind the Opel Insignia OPC have unleashed the vehicle's Australian-made engine, allowing the mid-sized sports sedan to reach 270km/h. The Opel Insignia OPC Unlimited does away with the electronic speed limiter of the standard OPC model, which normally keeps it down to 250km/h. The six-speed manual sedan is the only model that [...] Original article from: Australian Car Advice - Australia's largest independent Auto site. Opel Insignia OPC Unlimited let loose to 270km/h

Sweden Gives Conditional Okay for Saab Financing Plan Posted: The Swedish government has approved a plan that would allow Spyker Cars N.V. to raise desperately needed operating funds by selling its Saab headquarters and Trollhattan assembly plant and leasing back the facilities. Sweden Industry Minister Maud Olofsson says the government's approval contains undisclosed conditions. She notes that the plan also [...]

Tognum Rejects Daimler, Rolls-Royce Bid Posted: Tognum AG has rejected as inadequate an offer by Daimler AG and Rolls-Royce Group plc to buy the company for about €3.2 billion. Daimler and Rolls-Royce are offering €24 per share, 30% higher than Tognum's share price when the takeover was announced on 6 April. Tognum shares closed on Friday at [...]

Chrysler May Launch Debt Offering in June Posted: Chrysler Group LLC has chosen four investment banks to lead a public debt offering by June that would enable the company to repay more than $7 billion (€4.9 billion) in loans from the U.S. and Canadian governments, The Detroit News reports. The newspaper, which cites an unidentified source, says Chrysler hopes [...]

Lotus Lines Up Restructuring Loans Posted: Group Lotus plc says it has arranged £270 million (€310 million) in loans from six banks to finance the turnaround of its U.K.-based Lotus Cars Ltd. unit. The British company, which is owned by Malaysia's Proton Holdings Bhd, says the funding will enable it to achieve breakeven in 2014. The lenders [...]

Toyota, Honda Extend Production Slowdowns Posted: Toyota Motor Corp. says its 17 assembly plants in Japan will continue to operate at half their normal pace through 3 June. The company idled the factories after Japan's 11 March earthquake and tsunami but reopened them today at 50% of normal output. Toyota says it continues to struggle to find [...]

Nissan to Fix Leaf EV Software Problem Posted: Nissan Motor Co. says it will reprogram the control module in 5,300 Leaf electric sedans sold worldwide to fix a flaw that can prevent the car from restarting. Nissan says the problem, which it reported earlier this month, does not affect the vehicle while it is being driven. The company will [...]

Aston Martin Opens First Dealership in India Posted: Aston Martin Lagonda Ltd. has opened its first showroom in India, where its models will sell at prices between 13.5 million and 200 million rupees (€211,000 to €3.1 million). Aston Martin eventually will offer its entire 10-model lineup at the dealership in Mumbai. The company plans to open a second showroom [...]

“Clean” Energy Patents Jump by Two-Thirds in U.S. Posted: The number of patents granted in the U.S. for "clean-energy" technologies last year increased 67% over 2009 to a record 1,881, according to the Cleantech Group at Heslin Rothenberg Farley & Mesiti P.C. (HRFM). The Albany, N.Y.-based firm, which specializes in intellectual property law, began publishing its Clean Energy Patent [...]

Nissan to Fix Leaf EV Software Flaw Posted: Nissan Motor Co. plans to reprogram the vehicle control module software in its new Leaf electric sedan to fix a glitch that can prevent the car from restarting. The initiative covers 5,300 Leafs sold worldwide since the car was launched in December, including 500 in the U.S. Owners will be [...]

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