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VW Golf R Cabriolet Concept (2011) arrives at Worthersee

VW Group's slow reveal of one-off concept cars continues at the Worthersee Tour on the shore of Lake Worthersee in Austria. This time it's parent brand VW, who have released details on its Golf R Cabriolet concept. VW Golf R Cabriolet Concept: the top-down Rather than inject its supermini with 496bhp steroids or decapitate its rally car, volkswagen has decided to blend two of its most recent Golf variants, merging the Golf Cabriolet's roofless bodyshell with the Golf R's four-wheel-drive powertrain.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.

Bentley Continental Flying Spur gets custom furniture features

Bentley will team up with bespoke furniture maker Linley to make an extremely limited run of 10 Continental Flying Spurs for the Chinese market. The move highlights the increasing importance of China and its growth potential for luxury makers racing to stake a foothold in the market. The Flying Spurs are customized using the expertise of Linley's design and furniture background, and the interior gets a special veneer and a box in the rear console with a humidor, a cigar cutter and an ashtray.