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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.

James Bond car chases – 50 years in 2 compilation videos

With the James Bond film franchise celebrating 50 years, we have two videos of Bond car chases to enjoy. For those of us who grew up with Sean Connery and Aston Martin as the Bond ingredients that matter, nothing is better than James Bond in an Aston Martin DB5. But there have been many other Bonds in the 50 year history of the Bond franchise – from Sean Connery to Daniel Craig by way of Roger Moore, Timothy Dalton, George Lazenby and Pierce Brosnan – and even more cars, from BMW to Lotus by way of Toyota and Sunbeam.

Morgan to fight car firm ousting

A FORMER SPORTS CAR chief has vowed to fight his removal from the board of the company his grandfather founded. Charles Morgan said he was appealing against the decision by Morgan Motor Company, which said he would no longer be a part of the managing team or the board of directors at Morgan Technologies, a subsidiary of the main company. Earlier this year, Mr Morgan stepped down as the Worcestershire-based company's managing director and became an ambassador for the brand started by his grandfather Henry Morgan in 1910.