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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.

Chrysler, Nissan, GM set pace as industry's September volume advances 10 percent

UPDATED--U.S. auto sales--helped by big gains at Chrysler, Nissan and General Motors--overcame widespread economic jitters to rise 10 percent in September, raising hopes the industry's recovery will accelerate in coming months. It was the biggest increase in light vehicle sales since April, when surging gas prices and Japan's earthquake started to put a dent in demand.

Car sales rise as shutdown ends

DETROIT -- Combined U.S. sales by the Detroit 3 rose 14 percent last month, helped by strong demand for sedans and pickups and an increase in showroom traffic after the partial government shutdown ended. General Motors reported a 16 percent gain after losing market share in August and September.