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Spyker attempting to sell Saab real estate in money-raising move
Tue, 12 Apr 2011The 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.
Skoda Rapid Spaceback stars at the 2013 Frankfurt Motor Show
Mon, 09 Sep 2013The Rapid Spaceback - it sounds like the kind of name you'd give to the world's fastest car. Or some kind of spaceship. But no, the Rapid Spaceback is the latest offering from Skoda and it's making its debut right here at the 2013 Frankfurt Motor Show.
£10 million of cars in a Shed
Fri, 09 Oct 2009The very rare Mercedes 600 Pullman Landaulet It seems a bit odd, walking in to a unit which looks from the outside as if it should be turning out plastic widgets or some other industrial estate fodder, to be confronted by a sea of glorious cars. Walk through the door and there sits the pair of RHD Mercedes CLK-GTRs we reported on recently. Stunning to look at, they look better in the flesh than in the pictures.