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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.

Study: Hybrids safer in accidents, more dangerous to pedestrians

In the first analysis of its kind, the Highway Loss Data Institute found that drivers of hybrid vehicles are, on average, 25 percent less likely to be injured in a crash than drivers of conventional vehicles. Matt Moore, the data institute's vice president and author of the study, said weight was a big factor in its analysis. “Hybrids on average are 10 percent heavier than their standard counterparts,” Moore said in a statement on Thursday.

Motorcycle makers revved for rebound

Bikes are back. After being hit a lot harder by the recession than carmakers, the motorcycle industry, more susceptible to the whims of discretionary spending, is on its way back. “Unit sales are growing for the first time in several years,” said Danny Phillips, executive vice president of Advanstar, the parent company of Progressive International, which put on last weekend's motorcycle show at the Long Beach Convention Center.