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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.

Audi RS6 Avant makes £120,000 for Elton John Charity

Elton John & David Furnish pictured with the Audi RS6 Avant auctioned for EJAF. Audi has a history of donating cars for auction at Elton John’s annual White Tie & Tiara Ball, and this year it was an RS6 Avant. But it wasn’t just any old Audi RS6 Avant, it was an RS6 with an interior signed by Audi-driving Hollywood start Gwyneth Paltrow.

Porsche 911 Turbo Cabriolet revealed with 197mph top speed

Porsche has revealed the new 911 991 Turbo Cabriolet and Turbo S Cabriolet range – a 197mph open-top Porsche 911. Boasting 520hp even in standard Turbo guise, and a huge 560hp in Turbo S form, the new 911 991 Turbo Cabriolet range follows hot on the heels of the new 911 991 Turbo coupe range, which MSN Cars drove back in August. Click on the image above to see how Porsche has turned a hard-top Turbo into an open-top barnstormer…