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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.

Lexus LFA supercar is sold out, Toyota says

Toyota has sold all 500 copies of the Lexus LFA supercar that it plans to build. Toyota will build only 20 copies of the 552-hp two-seater per month for a two-year period beginning in December. Each car carries a $375,000 base sticker price.

Ferrari 458 Spider (2012) first official pictures

Click here to read the Ferrari 458 Spider CAR review The new Ferrari 458 Spider is an obvious, and inevitable, extension of the 458 Italia sports car range. Ferrari has always offered a fresh-air alternative to the junior V8 and we all knew it was coming. But the lack of surprise didn't stop the tongues drooling and eyes goggling when we clapped eyes on the new 458 Spider ahead of its debut at the 2011 Frankfurt motor show.