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Silver linings: Saab and Mitsubishi see sales grow in May

Despite the company’s financial troubles, Saab sales are steadily increasing in 2011, with April and May numbers up 190 percent and 121 percent, respectively, from the same months last year. The Swedish automaker reported 385 units sold this May, versus 155 the year prior. So far this year, Saab has sold 2,765 vehicles, compared with 954 at the same point last year.

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.

Ford adds new Fiesta Style; drops Fiesta Studio price

Ford Fiesta - seeking buyers further down the range Yesterday we got a new Fiesta limited edition in the Sport Special Edition and today we see Ford tweaking the bottom end of the Fiesta range to get more footfall in its showrooms. In comes the new Fiesta Style, from £9,995, which gets most of the cheap-looking bits on the body painted instead of being just plastic, and a few appealing toys like one-shot electric windows, driver’s seat height adjustment, remote locking and CD with aux in the standard kit list. Oh, and 15″ wheels with covers (perhaps that’s not such a big selling point).