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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.

Dedicated automotive design school to open in India

阅读本文中文版本请点击这里 The doors are about to open to a new automotive design school called DYP-DC Centre for Automotive Research and Studies (though colloquially known as DYP-DC College). Based in Pune, Maharashtra, India, the college will focus on automotive design, and in time, incorporate automotive engineering and management into a slightly wider curriculum. Notably, students will have the opportunity to build a full scale, working, drivable prototype as part of their final year projects in both the undergraduate and postgraduate degree programs.

The Mini is 50 years old today

  Today - 08/05/2009 - is the 50th anniversary of the first Mini rolling off the production line. To celebrate, and for a bit of free publicity (see, we’re playing the game) BMW has shipped the first Mini to roll of the production line back to Cowley to celebrate (picture at the bottom). 621 AOK, a Mini Minor, in Old English White, looks as fresh as the day it rolled off the production line half a century ago (although I wouldn’t mind betting it doesn’t have it’s original sills – they always rusted through – or copes with its original distributor and leads – one splash of rain and the car ground to a halt!).