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.

Jaguar F-Type on video at Goodwood FoS

We have video of Jaguar’s Mike Cross taking the new Jaguar F-Type up the hillclimb at Goodwood as Jaguar show off their new toy. We thought we were pretty much done and dusted with news from this year’s Goodwood Festival of Speed, but as Jaguar has finally managed to edit a video of the new Jaguar F-Type at the FoS we thought it worth revisiting one more time. Jaguar made a bit of a show of the camouflaged F-Type at Goodwood – its first public outing – with guards standing outside the container the F-Type was housed in to keep sticky fingers and prying eyes at bay.

SsangYong Korando 4×4 gets cheaper with arrival of the Korando SX

SssangYong has dropped the entry price for its 4WD C-Segment SUV Korando with the launch of the Korando SX. SsangYong is the Korean car maker that hasn’t yet quite managed to drag itself out of the bin marked ‘Oh, dear’, but the takeover of SsangYong by the deep-pocketed Mahindra and the launch of the seemingly convincing SsangYong Korando Crossover/SUV last year auger well. The Korando is aimed at cars like the Hyundai ix35 and Kia Sportage, and it seems a decent enough offering in a slightly generic way (even if it is penned by Giugiaro), with a 2.0 litre turbo diesel with a decent enough 173bhp and with a choice of auto or manual, FWD or 4WD.