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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.

Honda showcases self-driving car

HONDA has shared its vision of the hands-free commute, a car that can safely drive itself on the road while the driver's hands are off the wheel. While the car is just a prototype, Honda says the technology could start appearing on Honda cars in 2020 and beyond. The prototype - an Acura RLX sedan - has cameras that monitor lane marking and multiple radar sensors on the front and sides.

Concept Car of the Week: Cadillac Voyage (1988)

Once a symbol of America's most luxurious automobiles, Cadillac's image had begun to wane by the mid-1980s, and not even the Pininfarina-designed and built two-seater Allante was enough to excavate the brand's long gone leadership. In an effort to take Cadillac onto the global stage, engineers and the team of designers led by Chuck Jordan began working on the Voyage concept, a rolling laboratory with visionary styling and innovative technology. It was unveiled in 1988 at a technological exhibition in New York thus highlighting that rather than a stylist's dream come true, it was a very serious study towards aerodynamic, performance, handling, comfort and efficiency in an age when automated superhighways would allow fast, safe inter-State travel.