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Ferrari 400 Superamerica sells for £2.3 million

The 1962 Ferrari 400 Superamerica Cabriolet Pininfarina SWB - record price The world’s in the depths of the worst recession in a generation (or three). Banks aren’t lending to anyone who needs it – just to those who don’t. The Greeks are up in arms at the prospect of actually paying any tax and the Euro is on the edge of collapse (actually, the Euro was always an accident waiting to happen).

Car of the Year 2013 finalists announced: do you agree?

The contest for 2013 Car of the Year is hotting up, with the shortlist for Europe's most prestigious new car award announced. The final eight contenders are: Ford B-max Hyundai i30 Mercedes A-class Peugeot 208 Renault Clio Subaru BRZ/Toyota GT86 Volkswagen Golf Volvo V40   This year, there are eight finalists instead of the usual seven, thanks to a dead heat between two contenders. According to the Car of the Year jury, the award's goal 'is to acclaim the most outstanding new car to go on sale in the [last] 12 months.' Not much fuel for enthusiasts in the 2013 CotY list...

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.