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McLaren 12C GT Sprint appears at Auto Zurich

McLaren confirmed earlier this month that the 12C GT Sprint would cost $316,000, converted from British pounds. On Thursday, we were sent a selection of photos of the new track car by photographer David Kaiser, from a car show in Zurich, Switzerland. According to a McLaren representative at the booth, the 12C GT Sprint pictured is the first production car.

2012 BMW M5 to get 4WD? +M5 Concept Video

Will the 2012 M5 get four wheel drive? Now there’s something to cogitate on for BMW M5 fruitcakes. Autocar are reading a comment by BMW’s head of R&D, Albert Biermann, that “…there will be some all-wheel-drive surprises on M cars in the future.” as evidence that BMW are going to do the almost unthinkable and offer 4WD as an option on the 2012 BMW M5.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.