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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.

Hublot Watches: Ecclestone’s mugging turns a profit

Bernie Ecclestone's beaten face - click for the Hublot advert We’re sensitive souls here at Cars UK. So when F1 boss Bernie Ecclestone got mugged and beaten in London recently we didn’t make a song and dance of it. And nor did Bernie, despite being beaten unconscious and suffering some fairly significant bruising.

Opel reveals Cascada convertible

Opel, General Motors' financially embattled European unit, has revealed its new midsize Cascada convertible in a series of photos. The car goes on sale in early 2013. The two-door soft top, which is widely expected to be sold in North American by the Buick brand, enters the Opel lineup as a replacement for the Astra TwinTop.