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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.

BAIC C70G

The BAIC C70 debuted at the 2012 Beijing International Motor Show and is based on the previous-generation Saab 9-5. The C70G, designed by Pininfarina, retains the X-shaped brand badge, which derives the Chinese word ‘Bei', meaning North. Although the exterior design of the car is slightly conservative, elents such as the sharp feature lines found adorning the car's sides mean the C70G remains sleek and elegant.

Mitsubishi to preview next generation SUVs in Tokyo

Mitsubishi will showcase three new concept cars at next month’s Tokyo Motor Show, all of which are said to preview the next generation of Mitsubishi SUVs. They’re called the Mitsubishi Concept GC-PHEV, the Mitsubishi Concept XR-PHEV and the Mitsubishi Concept AR. On Bing: see pictures of Mitsubishi concept cars Find out how much a used Mitsubishi costs on Auto Trader The Concept GC-PHEV – or Grand Cruiser – is a full size SUV that will provide several clues to the future direction of the venerable Mitsubishi Shogun.