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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.

Museum benefactor Margie Petersen dies

Margie Petersen, wife of automotive publishing magnate Robert E. "Pete" Petersen and the driving force behind many of the couple's generous philanthropies, died Nov. 25 after a decades-long battle with breast cancer.

Saturn has interested buyers, GM says

Saturn is attracting interest from a "few" parties that might want to acquire the brand, a General Motors spokesman said Thursday. GM has hired Steve Girsky, formerly senior auto analyst for Morgan Stanley, to help advise on any possible Saturn deals. Saturn spokesman Steve Janisse said, "There is interest from investors in doing a spinoff, and there are other entities interested in just buying it." He said he does not know whether the interested parties are other automakers.