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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.

Audi R15 TDI (2009): first official pictures

By Ben Pulman First Official Pictures 10 March 2009 10:23 This is Audi’s new R15 TDI Le Mans racer, with an all-new V10 diesel engine and lithium-ion battery technology. The R15 is Audi’s second diesel endurance sports racer, after the R10 TDI that first raced in 2006. It’s designed to fight Peugeot’s oil-burning 908 and Aston Martin’s petrol-powered LMP1.

Hyundai to launch battery electric car in 2016

The Hyundai BlueOn EV (pictured) was Hyundai’s last electric car Back in 2011 it seemed that Hyundai was to concentrate on building hydrogen powered and hybrid cars as it looked to the future, but that seems to have changed. Back then, Hyundai Motors head of R&D - Yang Woong-Chul – said he believed BEVs (battery electric vehicles) had zero chance of replacing ICE cars because of their poor range, poor battery technology and high costs. But it seems Hyundai has had a rethink.