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2014 Kia Forte sedan pricing set at $16,700

UPDATED: The base 2014 Kia Forte sedan will cost $16,700 including destination when it goes on sale next month, fitting slightly below its compact competitors. Kia is touting the 2014 Forte as the least expensive in its class, and the compact sedan does in fact cost $80 less than the redesigned 2013 Nissan Sentra at $16,780, $90 less than the new 2013 Dodge Dart at $16,790 and $225 less than the 2013 Ford Focus sedan at $16,995. The new price is a slight increase from the 2013 model, which cost $16,175 after shipping charges.

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.

News watch July 2010: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 30 July 2010• Renault has reported a net income of €823 million – with an operating margin of 4% and sales up 22% globally. Its worldwide market share now stands a whisker up at 3.8% (Renault)• La Regie said its business was performing much better than during the same period last year, when the recession bit into its profits.