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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.

Toyota HSD concept

The Yaris HSD, as presented in Geneva, previews Toyota's intentions of bringing Hybrid technology to the B-Segment, as well as Toyota's full hybrid roll out across all models in its range. Retaining the familiar Yaris outwardly appearance (and previewing the next generation Yaris) the HSD is interspersed with ‘Hybrid' cues, to intimate at the hybrid powertrain beneath the body. From the pearl white paint to the light blue hue that illuminates certain aspects, there is an underlying emphasis on the fact that this car is a hybrid.

Car sales plunge, Bank of England cuts rates

New car sales plunge in October: Renault sales were down by more than half By Nigel Wonnacott Motor Industry 06 November 2008 12:30 Following the sixth monthly decline in new car sales this year (down 23% this month), economists have revised market forecasts downwards, while the Bank of England has cut interest rates by 1.5%. October’s 23% drop was the worst so far and trade body SMMT now fears sales could end the year at just 2.15 million cars. That’s 8% lower than the 2.34 million predicted to leave showrooms back in January and would be the worst market performance in more than a decade.