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The Saab Saga – now it’s a share sale to raise cash

Saab Saab sell shares to GEM Global We’re not really sure we see how on earth the announcement from Saab that they are selling shares to raise funds is going to work. But we’ll report it anyway. The information we have is that Swedish Automobile is going to issue shares to help pay the outstanding bills it has, and to meet unpaid salaries for white collar workers.

BMW displays Calder art car, racers and classics at Amelia Island

The first BMW art car -- a 1975 3.0 CSL wearing a paint job designed by Alexander Calder -- headlined a class of significant cars from the German automaker at the 2014 Amelia Island Concours d'Elegance. It was joined by a BMW M-powered McLaren F1 GTR, a first-generation 320i, winners of the 1975 12 Hours of Sebring, a BMW 320 Turbo race car, and the first BMW convertible. The Calder art car is the first in a series that has spanned more than 40 years of Roundel history.

Hot Wheels and Icon in sandbox battle

As first reported by Jeff Glucker of Hooniverse, the toymaker Mattel has been accused of infringing on a trademark held by the low-volume vehicle builder Icon 4X4. Icon claims that a Hot Wheels toy being distributed worldwide is based on its Icon FJ40—which itself is based on the Toyota FJ40—and that Hot Wheels' use of Icon's design, promotional materials and the name “FJ40” violates trademarks held by Icon. In its response to Tuesday's Hooniverse post, Hot Wheels claimed that the toy is not based on the Icon FJ40, and that it has the right to use the term “FJ40” despite Icon's trademark.