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Spyker, Youngman plan to build Saab-based cars

Dutch supercar maker Spyker says it will form two joint ventures with China's Zhejiang Youngman to produce Saab-based vehicles and a luxury SUV under the terms of a deal that will give Youngman a 29.9-percent share in Spyker. Youngman was one of the Chinese companies Spyker turned to for investment when it was trying to revive the Saab brand under its ownership. After failing to get approval for the sale from General Motors, a former Saab owner, the deal with Youngman collapsed and Saab was declared bankrupt in December 2011.

Sinkhole swallows family car

A 30FT DEEP sinkhole has opened up in the driveway of a house in Buckinghamshire and swallowed up a family's car. Firefighters were called to the property in Main Road, Walter's Ash, High Wycombe, at 8.32am on Sunday where they found the hole which is 15ft in diameter. No-one was inside the Volkswagen Lupo when the hole opened up.

Saleen announces new electric supercar

Californian tuner and sometimes supercar-builder Saleen has confirmed it is working on an all-new electric car, with plans to debut the new model in 2015. Perhaps best known for the 248mph Saleen S7 Twin Turbo, which went out of production in 2009, the firm specialises in providing performance upgrades for modern American muscle cars, including the Ford Mustang and Chevrolet Camaro. On Bing: see pictures of the Saleen S7 Find out how much used muscle car costs on Auto Trader However, Saleen is keen to get into the bespoke supercar game again, and is claiming in a newly released statement that its forthcoming electric vehicle will be ‘unlike anything currently in the market place.’ Exactly what this would entail is unclear at this stage, but the Saleen is saying ‘Throw out your pre-conceived notions and expectations.