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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.

Mercedes-Benz to cut production time, halve number of vehicle architectures

Mercedes-Benz is restructuring its global production network to cut the average production time for its models to 30 hours by 2015 from 43 in 2008. "We have increased productivity by 2 percent a year over the last few years. We will be accelerating our productivity efforts," Mercedes production boss Wolfgang Bernhard said during an investor conference that was part of the automaker's plant opening in Kecskemet, Hungary, on Thursday.

Pininfarina could produce Sergio concept

Pininfarina may produce a few examples of the Sergio concept we saw at the Geneva motor show for a few well-heeled buyers with about $3.9 million in liquid assets. “We are considering a very limited run of five to six units," Pininfarina CEO Silvio Angori told Automotive News Europe. The Sergio is based on the Ferrari 458 Italia, and uses the same drivetrain including the 562-hp V8 and seven-speed dual-clutch transmission.