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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.

Audi A5 ‘Suicide’ Advert – Fake

The Audi A5 Suicide Avert has been dubbed a fake by Audi of America Doing the ‘Viral’ rounds over the last few days on the interweb has been a video for the Audi A5 ‘Clean Diesel’ which really didn’t seem to fit in to the non-contentious Audi mainstream ethos we are used to seeing. A carefully crafted image can easily be decimated by one careless word or deed (Gerald Ronson springs to mind) and, amusing though some of us with a sicker sense of humour found the A5 ad, we couldn’t see how Audi would sanction it – even just for online use. The advert features a man driving an Audi A5 in to a deserted car park.

Who's Where: Frank Stephenson appointed Director of Design for Alfa Romeo

Frank Stephenson began his new position as Director of Design at Alfa Romeo today, CDN can reveal. Stephenson left his role as Head of the Fiat, Lancia and Commercial Vehicle Styling Center last month and is now effectively filling a role that has been unoccupied since Wolfgang Egger left to become head of Audi's Style Center. Since Lorenzo Ramaciotti has been recently appointed to a newly created position as Cheif of Design at Fiat, Stephenson's previous position is now vacant.