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.

What you missed at the Detroit auto show

Press days for the 2014 Detroit auto show wrapped up on Tuesday, and the sum total was more big reveals than we can shake a stick shift at. Production cars included the Ford F-150, Corvette Z06, BMW M3 and M4, Subaru WRX STI and the Porsche 911 Targa, while on the concept front we saw the Toyota FT-1, Nissan Sport Sedan and Kia GT4 Stinger just to name a few. Here are some of our favorites, in no particular order.

Newcastle’s Speed Cameras switched off for 4 years – Council chief still gets a ticket

Speed Cameras in Newcastle switched off Speed cameras – certainly many of them – are nothing more than tax generators. But if you live, or travel, in Newcastle, then speed cameras have contributed virtually nothing – they’ve all been switched off for up to four years. Newcastle has a total of fourteen speed cameras, but to save money the local council has had them all switched off for the last two years, and some of them haven’t worked for four years in a secret, money-saving exercise.