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Spyker attempting to sell Saab real estate in money-raising move
Tue, 12 Apr 2011The 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.
Ford salutes Carroll Shelby with 850-hp GT500 Cobra
Fri, 17 Aug 2012The “friends of Carroll Shelby” are saluting the late automotive pioneer with a remarkable, one-off 850-hp GT500 Cobra that was revealed Friday at the Monterey Motorsports Reunion. Ford Motor Co., Shelby American, Ford Racing and others collaborated on the omnipotent machine, styled in the blue and white colors of the legendary Cobras of the 1960s. It gets a wide body kit, high-performance 13-inch-wide rear wheels and a 4.0-liter Ford Racing supercharger that lifts output from the GT500's usual level of 662 hp.
2015 Audi TT drops its top – TT & TTS Roadster for Paris debut
Wed, 24 Sep 2014The Audi TTS Roadster (pictured) debuts at Paris 2014 It’s only six months since the new Audi TT arrived at the Geneva Motor Show, but now Audi is ready to show its drop-top version with a debut of the Audi TT Roadster scheduled for the Paris Motor Show next week. As you’d expect, to all intents and purposes, the TT (and TT S) Roadster are pretty much the same as the TT Coupe, with the top chopped off and replaced by a retractable fabric roof – a roof that opens and closes in just 10 seconds – and a bump in price of around £2,000. That means the Audi TT Roadster with the 2.0 litre TFSI engine with 182bhp, manual ‘box and Sport trim will come in at a bit under £32,000 and the 306bhp TTS Roadster at a bit under £38,000.