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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.

Chevrolet Viva is spied, set to replace Aveo

The lowest rung on the Chevrolet car ladder currently is home to the Aveo. But that car is scheduled to be replaced midway through 2010 with a new model. Spy shooters have captured engineers testing a prototype of the new car, which Internet chatter says will wear the Viva nameplate.

Toyota Hydrogen Fuel Cell breakthrough to be announced at Frankfurt Motor Show

Toyota Hydrogen Fuel Cell breakthrough to be announced at Frankfurt Motor Show Regardless of whether you think the electric car is potentially a planet saviour or not, the idea of powering cars with hydrogen is a powerful one; the holy grail of automotive powertrains. Technically, ICE cars can be built to run using hydrogen (and a retro-fit allowing that to be achieved economically would be a huge breakthrough) but car makers are heading down the road of electric cars being powered by a hydrogen fuel cell at the moment. In Toyota’s case, that means a setup similar to their hybrid cars, with a hydrogen fuel cell replacing the petrol engine.