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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.

Mini crossover to carry base price of $22,350

Mini's new Countryman crossover will start at $22,350, only $550 more than the three-door Clubman wagon. A well-equipped Countryman in a Cooper S trim with optional all-wheel drive will cost just under $30,000, Jim McDowell, head of Mini USA, said Wednesday during the media launch for the vehicle. The prices include destination charges, Mini said.

College Exhibition: Elisava University Show 2005

Students from the Transportation Design Masters program at Spain's Elisava School of Design presented their work in the 2005 Degree Show entitled 'Real Transportation', held in October at the Mies van der Rohe Pavilion in Barcelona. This was the sixth edition of the Transportation Design Masters course. The projects by this year's students aimed to bring creative solutions to real transport issues, while taking into account aspects such as mobility, aerodynamics, environmental impact, ergonomics, legislation, materials, production, security, technology and aesthetic principles.