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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.

2012 Mitsubishi Outlander revealed – debut at Geneva

The new Mitsubishi Outlander debuts at Geneva 2012 The new version of the Mitsubishi Outlander, previewed as the PX-MiEV II Concept, has been revealed ahead of its debut at the 2012 Geneva Motor Show. Mitsubishi lay claim to their Outlander being the first ’Crossover’ to the market 11 years ago, or at least the Outlander was the first car to be called a crossover. And now we have a new version of the original crossover, with the debut next month at Geneva of the new Mitsubishi Outlander.

BMW M5 celebrates 30th birthday, promises a surprise

The BMW M5 has been with us for 30 years. That's right: The E28 premiered in the fall of 1984 as a 1985 model after its debut at the Amsterdam Motor Show. Even though its performance figures have aged somewhat (in the best way possible), it's important to remember that it was the fastest production sedan in the world when it premiered.