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Spyker warns that Saab's future is 'uncertain' without fresh funds

Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing. In its annual report released today, Spyker said the company's "continuity" could become uncertain unless it secures extra funds to finance ongoing operations and the execution of its business plan. Earlier this week, Saab was forced to shut down production for short intervals after key suppliers halted parts deliveries for non-payment.

Saab says three new models are in the works

Saab says a new financial deal with Chinese companies Pang Da and Zhejiang Youngman Lotus gives it the cash to plan three new models. Saab's plan calls for: -- The 9-1, an entry-level car that has been known as the 9-2 until now. -- The 9-6 and the 9-7, which Saab says will be prestige vehicles.

Third of motorists admit to driving with no MOT

A third of motorists have driven a car knowing the MOT had expired, risking fines of up to £1,000 and invalidating their insurance in the process. That’s according to a survey conducted by the Society of Motor Manufacturers and Traders (SMMT), which found that of 1,000 UK motorists, 67% had driven without an MOT for up to a week, 24% for a month, 7% for six months and – shockingly – 2% for more than six months. Now we’d give the 67% who admitted driving without an MOT for a week the benefit of the doubt – it’s easy to forget the test is due.