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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.
BMW 1 Series M Coupe UK video
Mon, 16 May 2011BMW 1-Series M Coupe - arriving in the UK this month Will BMW build a 1 series M car, we all wondered? And if they did, would it be the BMW M1. Surely not, we all concluded.
German car collector re-imagines Lancia Stratos
Tue, 17 Aug 2010If German car collector and Lancia Stratos fan Michael Stoschek gets his way, there will be a new interpretation of the legendary Stratos rally car sooner rather than later. Speculation and spy photos have been circulating for a couple weeks, and now we have official photos. Italian design house Pininfarina did the prototype, which Stoschek originally had done for his personal use.