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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.

Goodwood Revival 2011

The middle week of September was a crowded one for the CDN team with coverage of the Frankfurt motor show but we still found time to get our period tweeds out and head down to Sussex to cover the Revival weekend. This historic motor racing festival runs over three days, with Friday set aside for qualifying and practice, and races on Saturday and Sunday, with aggregated times to decide the final winner. Special themes this year included 50 years of the E-Type and this years' Fordwater Trophy grid was composed exclusively of this classic front-engined GT, including Lightweight and Low Drag versions that took on the Ferraris and Cobras of the period.

New Golf Bluemotion launched

The new 2010 BlueMotion Golf Another day, another more frugal car. VW has been playing the ‘Bluemotion’ card for some time across the range. And each new launch sees a further improvement in emissions and economy.