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April car sales in a nutshell: The year's 2nd-strongest month

Here are highlights from April's U.S. auto sales report: Industry rises 20 percent Overall U.S. sales rose 20 percent in April to 982,302 light vehicles, a gain of 162,610 over the same period a year ago.

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.

Lambo Aventador production delayed by earthquake

Lamborghini has admited some deliveries of its V12 Aventador flagship may be postponed following sucessive earthquakes in the Emilia Romagna region in late May 2012. How have the Italian earthquakes impacted on Lamborghini? A statement overnight from the Sant'Agata HQ said that the tremors on 20 and 29 May didn't actively damage the Lamborghini factory, or hinder Gallardo production.