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New BMW M6 Convertible Spied. Heading for Detroit 2012?

New BMW M6 Convertible Spied The new BMW M6 Convertible has been spied in the US at a BMW compound. Is it heading for a debut at the 2012 Detroit Motor Show. The 2011 BMW 6 Series Convertible debuted almost exactly a year ago after BMW turned car launch convention on its head by revealing the convertible version of the new 6 Series ahead of the coupe.

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.

Studio Torino offers Porsche Cayman-based Moncenisio

Studio Torino, the firm that brought us the little known RK Spider and RK Coupe -- both based on Porsches -- is sending another vehicle to market this November called the Moncenisio. The Moncenisio is based on the 2013 Porsche Cayman S, and will carry all of the same mechanicals, with a body designed by Daniele Gaglione. That means a power output of 325 hp and 272 lb-ft of torque.