Martin Tool Auto Body Tool Heavy-duty Double End S-spoon Forged Steel Ea 1044 on 2040-parts.com

Spyker warns that Saab's future is 'uncertain' without fresh funds

Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing. In its annual report released today, Spyker said the company's "continuity" could become uncertain unless it secures extra funds to finance ongoing operations and the execution of its business plan. Earlier this week, Saab was forced to shut down production for short intervals after key suppliers halted parts deliveries for non-payment.

Ivan 'Ironman' Stewart shifts gears, sells his stuff

Ivan “Ironman” Stewart’s high-speed lifestyle of flying through the desert, leaving a rooster tail of dust, is taking a turn down a calmer, gentler road. Stewart, 64, is ready to slow things down and create more time for himself and his family. “I’m not retiring,” he insists, “just changing directions.” Last weekend he sold his off-road racing truck business and everything that goes along with it.

Autoweek in review: What you might have missed

A 1933 Alfa Romeo took home the top-prize “Gold Cup” from the Concorso d'Eleganza Villa d'Este this past week. The owner purchased the car in 2002, fulfilling his boyhood dream of owning it. Chrysler said it will drop the Jeep Compass and will replace the Town & Country minivan with a crossover.