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Ron Dennis leaves McLaren F1

Ron Dennis hands over the reins of McLaren F1 to Martin Whitmarsh [ad#ad-1] Ron Dennis has finally had enough of F1. Who can blame him? From the heartache of losing the 2007 championship and a year or more of real grief with F1′s officials, Ron has had enough.

Saab calls off deal with Chinese automaker

Saab parent Spyker Cars NV said Thursday that a strategic partnership deal with China's Hawtai Motor Group that would provide cash to help Saab turn around its business has been terminated. As a result, Saab may enter into a new strategic partnership with Hawtai or another Chinese party on manufacturing, technology and distribution in China, Spyker said in a release. "Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect.

Steering issue to prompt Lexus recall

Toyota is poised to recall nearly 4,000 Lexus luxury sedans in the United States, and 11,500 worldwide, to fix an issue with the car's steering. The recall will cover the Lexus LS, the flagship sedan of the Lexus lineup. The recall will also cover LS sedans sold in Japan, Europe and China.