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Spyker said to be General Motors' only candidate to buy Saab

Spyker Cars NV is the only buyer under consideration for the Saab brand and is seeking to line up funding that will satisfy General Motors Co., a person with direct knowledge of the situation said. Financing has been a main obstacle to a deal, said the person, who declined to be identified because the information isn't public. The proposal from Spyker, a Dutch sports car maker, had included a Russian partner that GM rejected, and Spyker was seeking to arrange financing that didn't include that partner, the person said.

Shocking bald tyre sparks safety warning

A TYRE that was completely bald after being taken off a high-performance BMW has sparked warnings from tyre safety charity TyreSafe. The shocking pictures of the incredibly dangerous tyre, whose owner is lucky to be alive, show the extent of the lengths to which some people are pushing the limits of safety. As it is, the tyre would be almost completely ineffective in wet or damp conditions, and how the driver had avoided an accident is a mystery.

Fiat to offer two spinoff models based on the 500L for 2014

Fiat unveiled two new versions of its popular 500L in its home market a couple months ago, the 500L Living and 500L Trekking editions, both designed for different audiences. While the 500L Trekking will have adventure in mind, offering a taller ride height and protective bumpers, the 500L Living will be an ideal car for young families. For the 2014 model year, Fiat will be offering both of these in the U.S.