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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.

BMW M3 GTS – more videos

The new BMW M3 GTS - more video On Wednesday we reported on the reveal of the BMW M3 GTS, a track-focused, stripped-out and lightweight BMW M3. It will deliver at least 450bhp from its 4.4 litre V8, all of which will be driven through the rear wheels by a 7-speed M Dual Clutch Transmission (M-DCT). Apart from the obvious orange paint job, the M3 GTS gets a very seventies looking rear wing bolted to the boot.

London motor show 2008: who is and isn't there

By Dimitri Pesin Motor Shows 13 June 2008 12:10 The countdown is on to the London motor show 2008. Who will be thereAlfa RomeoBentleyBrabusChevroletCitroenCorvetteFordHondaHummerHyundaiIsuzuJaguarKiaLand RoverLexusLotusMazdaMercedesMiniMorganNissanPeugeotRenaultSaabSeatSubaruSuzukiToyotaVauxhall