06 Mazda 5 Radiators 2.3l Mt 188535 on 2040-parts.com

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.

Next-generation Chevy Volt to have 60-mile electric range?

On the heels of the recently announced price cut for the 2014 Volt, General Motors chief executive Dan Akerson is suggesting that we may see a Volt with 60-mile electric range in three or four years. In an interview with Bloomberg, Akerson suggests that GM is hoping for a "significant" improvement in the extended-range Chevy's ability to run solely on electric power. “For something to be significant to me, I gotta get at least 20 percent improvement in performance," the CEO asserted.

SEAT Ibiza Good Stuff – Shakira’s SEAT

The SEAT Ibiza Good Stuff Limited Edition models are always a seller. It’s a good way for car makers to shift metal and as long as the buyer wants the goodies bolted on its a cheaper way to get a specced-up car. But sometimes car makers produce a car for a different reason.