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Spyker signs deal with China's Hawtai Motor to raise funds for Saab

Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.

Mugen Honda CR-Z Hybrid – but don’t get too excited

The Honda CR-Z Hybrid gets the Mugen treatment Honda are trying to tell anyone who will listen that the Hybrid Honda CR-Z is a modern version of the Honda CRX. You know, all fun and sporty and nimble and on the right side of warm, but with all the green goodness people think they have to want. We haven’t actually come across anyone who buys in to the idea, but Honda aren’t giving up on the marketing pitch of the Honda CR-Z as the first ‘Sporty’ hybrid with the production version of the CR-Z debuting at Geneva next week.

No M4 relief road 'before 2020'

A "RELIEF ROAD" for the M4 in south Wales is unlikely to be constructed before 2020, a leading transport expert has told Welsh Assembly Members. A new stretch of motorway south of Newport could be back on the cards after the UK ministers announced the possibility of Welsh Government borrowing the money needed for the scheme. However the re-emergence of proposals to ease traffic on Wales' heavily congested western gateway prompted fierce debate during a committee hearing in the Senedd.