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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.

Subaru XV

Subaru has revealed the new XV at the 2011 Frankfurt motor show, taking the company into the compact crossover segment for the first time. Like its concept precursor, the XV features a hexagonal grille and 'hawk eye' headlamps, designed to emphasize the vehicle's brand identity. Alloy wheels and cut-away cladding also aim to give the car a distinctive feel.

Ferrari 599 GTO

The Ferrari 599 GTO is the third in an illustrious line of Gran Turismo Omologato models from Maranello. It may look like a lightly modified GTB Fiorano, but is, in fact, almost entirely new. The hood's prominent center bulge and aerodynamic wheel disks are a hat-tip to Ferrari's F1 cars, while the contrasting matte black roof and flying buttresses visually lower the center of gravity and break up the 599's mass.