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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.

New Lotus Esprit still on schedule

The new Lotus Esprit - on schedule for launch in 2011 or 2012 The next Elise will probably be a development of the existing car, rather than anything radical and new. But the Esprit will be an all new V8 based on the new Evora chassis. It will be longer and wider than the Evora, but will still feature a mid-mounted engine and, in all probability, come as a convertible in time.

Cars Land to open on June 15 at Disney's California Adventure

Pixar's animated movie Cars will come to life on June 15 when Disney's California Adventure opens a real-life version of the Western desert road town of Radiator Springs. The 12-acre attraction will feature everything from a Flo's Drive-In and a Cozy Cone to a high-speed "Radiator Springs Racers" ride with six-seat, open-topped race cars fashioned after your favorite Cars characters. The race cars operate on a track similar to the one used for the General Motors proving-ground attraction at Disney's Epcot Center in Florida.