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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.

Suzuki Grand Vitara Facelift revealed

Suzuki in Japan has revealed a facelifted version of the Escudo in Japan, better known in Europe as the Suzuki Grand Vitara. The Suzuki Grand Vitara has been with us since the dinosaurs ruled the earth. Well, it certainly seems that long and the Vitara was pretty much in at the start of the sales phenomenon that is the compact SUV.

New Vauxhall VXR8 GTS gets 576bhp & costs £54,999

The new Vauxhall VXR8 GTS gets 576bhp If you’re going to make your most potent saloon car more powerful, you could just tweak the engine management a bit to add a few more horses. But Vauxhall have gone a bit further with the latest VXR8 GTS – it gets a 6.2 litre V8 from the Camaro ZL1, a whole 150bhp and 140lb/ft of torque than the old VXR8. Vauxhall has based the GTS on Holden’s new GEN-F GTS – Australia’s maddest production Holden – and the increase in power comes courtesy of a supercharger, new exhaust system.