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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.

Ford scores tumble, Toyota rebounds in Initial Quality survey

Buyer satisfaction with new cars and trucks from Ford Motor Co., a strength that has helped it increase sales and market share in recent years, has tumbled, and Toyota has rebounded from its abnormally poor year-ago showing, according to a study released Thursday. In a J.D. Power and Associates survey that tracks problems reported during the first 90 days of ownership, the Ford and Lincoln brands plunged below the industry average of 107 problems reported per 100 models studied.

David Couthard Speeding fine for 160mph in a 30mph limit

David Coulthard drives the Red Bull F1 car across the Rajiv Ghandi Sea Link in Mumbai David has been driving the Red Bull F1 car at a week long celebration of F1 in Mumbai, India. Part of that celebration was a drive across the Rajiv Ghandi Sea Link in Mumbai, an integral part of Mumbai’s road link. And it was the final event in a week which included F1 cars showcased in Malls, engine start-ups and car assembly.