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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.

Volkswagen Iroc concept (2006): first official pictures

By Phil McNamara First Official Pictures 24 August 2006 08:01 The lowdown This is the Iroc, a sexy successor to the Scirocco coupe that Volkswagen will launch in 2008. Officially, the Iroc is a concept car, but make no mistake, this dynamic three-door is heading for production. The design doesn't share many obvious styling cues with the 1974 original.

Peugeot Exalt to be reinvented for Paris show

Peugeot design director Gilles Vidal has confirmed to Car Design News that the Exalt concept, which debuted at the Beijing auto show earlier this year will be shown at October's Paris motor show. However, while the car shown in China featured color and trim materials specific to the region, the Exalt that will grace the show stand in France will be different. "The car was presented at the Beijing auto show, and all the materials used in this car are sourced in China or Asia," says Vidal.