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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.

Subaru Legacy concept hints to what’s in store for 2010

Don't let the concept tag fool you because the Legacy concept that Subaru introduced at the Detroit Auto Show News is basically what the 2010 Legacy will look like when it goes on sale this summer with the exception of minor tweaks. In celebration of 20 years of Legacy production designers gave it sharper lines, larger fender flares over all four wheels and more distinctive front-end treatment. Sharp headlamps with vertical LED lights sandwich the large grille with the Subaru logo centered.

First Fiat 500s will have stick shifts

The 2012 Fiat 500 , heading to U.S. dealerships later than first expected, is enduring another hiccup: The first units arriving in dealerships in late February will have manual transmissions, the company said. Moreover, only about 20 percent of the 130 Fiat dealerships will be open when those first cars arrive, said Laura Soave, head of the Fiat brand in North America, at the Detroit auto show last week.