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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.

Toyota Yaris Hybrid: Previews new Yaris

Toyota Yaris Hybrid - a preview of the next-gen Yaris Toyota are determined to shove hybrid gubbins in anything they build that moves, so we now get a hybrid version of the next generation Yaris revealed at Geneva. Just as Toyota aren’t saying if the new Prius+ will get the regular 1.8 litre hybrid drivetrain (we think it will), they’re also not saying if the Toyota Yaris Hybrid will get it. We’re assuming not, because it would then out-perform both the Prius and the Auris Hybrid, which would never do.

SAIC Leaf concept

The Shanghai Automotive Industry Corporation (SAIC) will unveil this futuristic concept at next week's Beijing motor show. Called the Leaf, the new concept has no relation to Nissan's concept car shown in Tokyo last year. It is a much more fanciful two-seat concept car whose design is entirely open to the elements, and it also features a slew of environmentally-friendly technologies.