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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.

Volvo offers 250 Polestar Limited Edition C30s for U.S.

The 2013 Volvo C30 Polestar Limited Edition will be available in the United States in limited numbers for a sticker price of $32,445, including $895 in destination. The 2.5-liter five-cylinder engine receives an upgrade of 23 hp and 37 lb-ft of torque, leading to a total output of 250 hp and 273 lb-ft. Volvo says the power boost comes from increasing airflow into the combustion chambers and advancing spark timing.

Red-hot VW Golf R400 is headed for production

If you thought the Volkswagen Golf R400 concept displayed at the Beijing auto show seemed suspiciously like a real product -- you know, one you'll someday be able to buy rather than something trotted out to tease the world's enthusiasts -- you were on to something. VW says a production version of the car is in the works. We should clarify: We didn't get confirmation of that, exactly.