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Spyker attempting to sell Saab real estate in money-raising move

The next chapter in the Saab cash crunch appears to involve Spyker selling Saab real estate to an unnamed financial institution, with the automaker leasing the property back for its operations. Saab has been forced to shut down production twice in the past few weeks in the wake of unpaid supplier bills, raising concerns that Dutch owner Spyker may be facing a liquidity crunch. The latest move is likely aimed at freeing capital for the automotive operations while the company negotiates for a loan with the help of the Swedish government.

Qoros reveals design language ahead of Geneva debut

New car manufacturer Qoros' future design language has been revealed ahead of the world debut of its new sedan for China and Europe at the Geneva motor show in March. The brand's first production car will be showcased alongside two concept cars that will preview the future design direction of Qoros' range. The company was created in 2007 by a 50:50 joint venture between Chery Automobile and Israel Corporation, allowing the Qoros designers the chance to create a new design language from scratch.

Majestic Bentley to be auctioned for charity

A SUPREMELY elegant 1987 Bentley 8 is to be auctioned for charity as part of a sale including more than 150 cars. The majestic Bentley will take its place amongst the myriad other fine classic cars at the Historics at Brooklands auction in Surrey on Saturday, June 7, following the sad news of the death of the car’s current owner’s sister. Significantly, this much-loved and well-travelled Bentley – presented in fine condition inside and out – is offered at no reserve, with all proceeds from the sale donated to charity at the request of the vendor, plus Historics’ sellers and buyers’ commissions.