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Spyker attempting to sell Saab real estate in money-raising move

The 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.

Ford Iosis Max unveiled at Geneva motor show 2009

By Tim Pollard First Official Pictures 02 March 2009 18:00 Ford is serving up a big-bang surprise at Geneva with the launch of the Iosis Max concept car. The third in a series of Iosis show cars, the Max affords our first view of the new 2011 Ford Focus, with a hint of next-gen 2010 C-Max thrown in for good measure.  The Iosis Max looks just like the next-gen Focus at the front and heralds some important new styling treatments for all future Fords, its designers have told CAR. The lower trapezoidal grille, for instance, will in future feature these horizontal chromed strakes, echoing the feature lines on the bonnet, and the Blue Oval badge appears more prominently in the middle of the higher, Fiesta-style grille.

Chrysler recalls some vans, cars and SUVs for airbag problem

Chrysler announced two recalls last week, both for the potential of improper airbag deployment. On certain model year 2013 Chrysler Town & Country minivans, Dodge Grand Caravan and Ram C/V Tradesmen models, a software error could result in the wrong airbag deploying in the event of a crash. For example, a left-side impact would cause the right-side airbags to deploy.