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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.

Ford Escape, Fusion get software fix

Ford says it has developed a fix for the potential engine fire problem that prompted it to recall nearly 90,000 copies of the new Escape and Fusion with the 1.6-liter EcoBoost engine. Ford traced the problem to a glitch in the engine software that could lead to an engine fire in the event of pressure dropped in the cooling system. So dealers will update the software on the recalled vehicles.

Volkswagen bus fetches $217,800 at Barrett-Jackson auction

At the Barrett-Jackson auction in Orange County, $159,500 could buy you a 1964 Rolls-Royce Silver Cloud III James Young sedan. A mere $165,000 would put you in the driver’s seat of a 2005 Ford GT. Doling out more than $200,000 nets you a .