Faria Gauges Mph on 2040-parts.com

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.

Porsche finally becomes a VW company

Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.

James Bond Aston Martin DB5 sells for £2.9m

The famous James Bond Aston Martin DB5 sold last night at a London auction for nearly £3 million. American businessman Harry Yeaggy paid £2,912,000 ($4,608,500) for the 1964 DB5 driven by Sean Connery in Goldfinger and Thunderball. The 007 DB5 is best known for Q's gadgets, including revolving number plates, rocket launchers and an ejector seat.