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Concept Car of the Week: Alfa Romeo Disco Volante (1952)

In 1951, straight after winning the F1 championship, Alfa Romeo surprisingly retired from racing. The tough post-war financial situation led the Italian brand to focus its investments towards more profitable projects such as the 1900 Berlina. The competition department stayed open on the condition of delivering a brand-boosting racecar for participation in the 1952 Le Mans and Mille Miglia races.

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.

Hearst moves Road & Track

New York publishing house Hearst says it will move the Road & Track magazine editorial offices from Newport Beach, Calif., to Ann Arbor, Mich., home of its other auto-magazine title, Car and Driver. Additionally, Larry Webster has been named editor in chief, replacing Matt DeLorenzo. Webster had been automotive editor of Hearst's Popular Mechanics since January 2010 and before that was the Detroit editor for Popular Mechanics.