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Volkswagen Microbus production could resume in Brazil

The Volkswagen Type 2 Kombi/Microbus may be a classic to our eyes, but it has been in continuous production in Brazil for almost 50 years. Impending legislation that would outlaw the production and importation of cars and trucks without modern safety features such as ABS brakes and airbags was set to put an end to the Kombi production in Brazil, but one lawmaker wants to make an exception for the veteran vehicle, Indian Autos Blog reports. Brazil's finance minister Guido Mantega is arguing that since the Kombi/Microbus has been in production for decades -- before ABS technology and airbags were developed -- it would be unfair to apply the new law to the vehicle.

2012 Scion iQ priced at $15,995

As journalists including AutoWeek's own Michelle Koueiter flog the new 2012 Scion iQ in California, pricing information has made its way back to the Midwest. The Scion iQ will cost $15,995, including destination, when it hits dealerships. The car will be released in four phases, starting with the West Coast in October.

Spyker warns that Saab's future is 'uncertain' without fresh funds

Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing. In its annual report released today, Spyker said the company's "continuity" could become uncertain unless it secures extra funds to finance ongoing operations and the execution of its business plan. Earlier this week, Saab was forced to shut down production for short intervals after key suppliers halted parts deliveries for non-payment.