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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.

BMW X4 confirmed – one more time

It was always going to be on the cards after the unexpected success of the X6, but the birth of the BMW X4 – a coupé version of the new X3 – has been the subject of endless rumours, almost since the X6 started to sell in unexpected numbers. We reported as far back as April 2010 that BMW were close to deciding an X4 was a no brainer; after all, with a lot of the world ‘downsizing’ their transport, a smaller X6 should be a seller. By this time last year we heard that BMW had already made the decision and we had it on good authority that the X4 was confirmed and signed-off and would be heading to showrooms by 2013.

Alonso vs. Massa, Italian mountain edition

Scuderia Ferrari started the year off right with a downhill slalom race between two snow-going Ferrari FFs. Formula One drivers Felipe Massa and Fernando Alonso were at the steering wheels. The occasion was the annual Wrooom ski and media event in the Italian Dolomite Mountains.