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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.

N.J. decal law upsets teens, parents

A New Jersey law--the first of its kind in the country--requiring drivers younger than 21 to put a small red decal on their license plates has both teens and adults upset, according to a story on the Wall Street Journal Web site. When one mother took her 16-year-old to the Motor Vehicle Commission for a learner's permit, the clerk told her she needed to buy red decals for her daughter. "When hell freezes over, I'll buy those stickers," she told the Journal.

GM's Bob Lutz put off retirement and put life back into a sagging lineup

Originally published: Sept. 14, 2008 Editor's note: This story comes from 100 Years: How General Motors Changed the World, published by Automotive News to commemorate the 100th anniversary of GM. In 2001, with seven years left to go in General Motors' first century, CEO Rick Wagoner knew that his product lineup badly needed upgrading if the company was going to have a second hundred years.