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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.

Subaru Levorg concept stars at the Tokyo Motor Show 2013

The Subaru Levorg, eh? This is a ‘concept’ version for a next generation Subaru estate, and though it’s not being explicitly underlined here at Tokyo 2013, we understand the name is an amalgamation of Legacy, Revolution and Touring. While revolutionary wouldn’t exactly be out first choice description, the Levorg does feature a new 170hp 1.6-litre DIT turbo engine, and the latest Subaru EyeSight safety technology.

Ford and GM tie-in with Apple

Having established a relationship with Nike for recycling materials as demonstrated on the Ford Reflex concept, Ford has now joined GM in collaborating with Apple to ensure their cars are iPod compatible. Rather than the retrofitted wire many drivers have had to resort to, cars will offer a bespoke area in the glove compartment that also acts as a charging point, the iPod instead controlled through the car?s GUI. By the end of the year, 70% of all new models sold in America are expected to be iPod compatible, an arrangement that furthers Apple?s continuing domination of the MP3-player market and one that will introduce Apple to the car-computer market, anticipated to be worth $6billion by 2010.