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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.

Vauxhall Insignia facelift (2013) first pictures of overhauled Insignia

Though you might not spot the tweaks to the new Vauxhall Insignia on the outside, there are big changes afoot under the bonnet and in the cabin. It’s also cheaper than the outgoing model, and will be officially revealed at the Frankfurt motor show in September 2013. UK deliveries start in October, with prices starting from £16,279.

Mitsubishi i MiEV Electric car launches in Japan

Mitsubishi i MiEV electric car launched in Japan at around £20,000 Until now, electric cars have been very much an oddity. The laughable G-Whiz and the Tesla Roadster are interesting in their own way, but unless you want to look like Noddy’s best friend (G-Whiz) or are happy to have a second-rate Lotus Elise at three times the price (Tesla), there wasn’t much to appeal to the normal car buyer. But it’s changing.