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Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.

UK sales slide continues: 'worst market for 17 years'

By Tim Pollard Motor Industry 06 October 2008 12:22 Britain's new car market is in deep trouble, official sales figures today confirm. September is historically one of the two biggest registration months of the year, as buyers rush to snap up the autumn's new number plate – yet sales were down by a fifth last month. The Society of Motor Manufacturers and Traders, which collates sales data from dealers, called it 'stormy September', as new-car registrations plummeted by 21 percent from last year's figure to 330,295.

Spyker B6 Venator Spyder on the way

But much of that will probably depend on real buyers stumping up real money to get on the waiting list for a car we still don’t know a great deal about (in particular what underpins it) but which does look good and manages to encompass Spyker’s traditional styling cues whilst still conspiring to look very current. Now, buried amongst the latest financial report from Spyker – which shows no real turnover or profit, loans in to shares and an injection of cash from Youngman – comes the news that Victor is already getting a bit ahead of himself again with plans to reveal the B6 Venator Spyder later this year. That looks a bit of a ‘run before you can walk’ scenario for Spyker - especially as Victor says production of the C8 Aileron will gather pace this year and the D8 Peking-to-Paris SUV will be a priority – but if Spyker can produce a Venator Spyder that looks as good as the coupe it may be the right way forward.