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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.

Chevy Malibu Eco hybrid is a tough sell

Most prospective Chevrolet Malibu buyers at Castle Chevrolet in suburban Chicago quickly decide that they don't want to pay nearly $3,000 more for the Eco mild-hybrid version. "For most people, it's hard to justify the extra money based on the extra fuel economy" of a combined 3 mpg more than the base model, says Jeff Tuckman, the dealership's inventory manager. "You've got the base LS model sitting next to it that's just as nice and luxurious." It's a problem flagged by many Chevy dealers.

Chevrolet Orlando (2011) first official pictures

This is the face of Chevrolet's new Orlando, a seven-seat MPV which will take on the likes of Ford's S-Max and the Mazda 5. The Orlando is based on GM's Delta platform which has already given birth to the latest Vauxhall Astra, and of course, Chevrolet's own Cruze. Not this time.