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VW boss Bernhard quits

By Tim Pollard Motor Industry 12 January 2007 09:57 Volkswagen boss Wolfgang Bernhard has quit the company as part of a shake-up at Europe's biggest car maker. The news comes as little surprise after months of uncertainty and change at the top of VW. Bernhard built a reputation as an abrasive operator in his short stint as CEO of the Wolfsburg company and had numerous confrontations with unions as he pushed through more modern working practices.

New Volvo C30 R-design (2010) revealed

Volvo is launching an R-design version of the new C30 The R-Design body kit on the C30 is painted in the same colour as the car for a seamless integration, and the visual illusion that the C30 is actually much lower tha the 10mm suspension drop. Five-spoke Cactus alloys are fitted, and the interior gets new upholstery. Just a shame there are no power upgrades.

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.