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Saab funding from China likely delayed. Gets loan from North Street Capital

Saab gets funds from North Street Capital Last week we had Saab and their Chinese ‘backers’ getting in a bit of a muddle over funding. Which is what we’ve come to expect. Saab were adamant that the quote attributed to the Pangda Chairman that the Saab deal was no longer valid was a ‘misunderstanding’.

German courts rule on status of rare Mercedes-Benz 500K roadster

The saga of a rare 1935 Mercedes-Benz 500K roadster has taken yet another intriguing turn. German courts have ruled that the vehicle is the rightful property of German industrialist Hans Prym's grandchildren because it was illegally seized from Prym in 1945. Frans van Haren can't be too happy with the ruling.

Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.