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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.

General Motors names Ewanick global chief marketing officer

General Motors, looking to accelerate its push into major markets worldwide, tapped U.S. marketing chief Joel Ewanick to become global chief marketing officer--a new post. "As we continue our rapid growth in major global markets, it is important that we take a more customer-focused view of our overall marketing strategy," GM CEO Dan Akerson said in a statement today.

Range Rover Westminster & upgraded Autobiography run-out models arrive

The Range Rover Westminster & upgraded Autobiography models arrive Land Rover has revealed the Range Rover Westminster to replace the Vogue and upgraded Autobiography models, marking the end of the current Range Rover. Back in 2001, when the last Range Rover was coming to the end of its life, Land Rover delivered the Range Rover Westminster as a run-out model. And here we are, ten years after the launch of the current Range Rover, and Land Rover has dusted off the Westminster moniker to signal the end of the current Range Rover.