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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.

Audi hike prices for UK Cars

It was always going to happen. The current weakness of Sterling against the Euro was always going to end up with Euro car makers putting up prices, and Audi has now decided to bite the bullet and push up prices by an average of 2% from 23rd February. Audi will, however, honour all existing orders and will not be seeking a surcharge.

Ram 2500 HD gets six-speed transmission

Chrysler's Ram truck brand announced today that it is adding a six-speed automatic transmission to its 2012 2500 Heavy Duty trucks. The Ram 2500 HD and 3500 HD will be available with diesel and gasoline engines. The six-speed transmission replaces the five-speed 545RFE transmission in the 2500 HD, the automaker said in a statement.