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Spyker attempting to sell Saab real estate in money-raising move
Tue, 12 Apr 2011The 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.
Footballers 'prefer Range Rovers'
Tue, 12 Aug 2014RANGE ROVERS are a clear favourite among Premiership footballers, according to a firm specialising in high-value car finance. Oracle Finance has revealed that 28 Range Rovers and 24 Range Rover Sports on its books feature a footballer as the registered keeper, making the British band's motors by far the most popular. The second most popular individual model is the Bentley Continental GT, with 26 ongoing purchases funded by Oracle, but that only totals half the combined number of Range Rovers in the survey.
Track 'raider' given public nuisance charge
Tue, 19 Aug 2014A MAN who drove his girlfriend's car on to the former Formula 1 circuit at Brands Hatch during a race has been charged with causing a public nuisance. Jack Cottle, 21, was arrested on suspicion of false imprisonment in June after footage appeared on YouTube of a white Volkswagen Polo being driven into the middle of a Fun Cup race at the Kent circuit, police said. Cottle, of Durgates, Wadhurst, East Sussex, was charged when he answered bail at a Kent police station last night.