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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.

Brazil plant for Jaguar Land Rover

JAGUAR LAND ROVER (JLR) is to become the first UK car-maker to open a manufacturing facility in Brazil. JLR is investing £240 million in the initiative, which will see the development of a plant that will produce up to 24,000 vehicles a year. The factory, based in the city of Itatiaia, will initially employ 400 people, with the first vehicles due to come off the assembly line in 2016.

Morgan Eva GT 4-Seat Coupe coming

The teaser for the Morgan Eva GT Call out the lumberjacks. Morgan are planning a new car – the Morgan Eva GT - which will be a limited run, 4 seat coupe which will be previewed at Pebble Beach in August before production begins in 2012. The Morgan Eva GT is planned to have a bonded aluminium chassis to give rigidity but also to save weight and use superformed aluminium to create the flowing lines of the bodywork.