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Spyker, Youngman agree on joint venture

Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.

Dodge to gatecrash Fiesta party

By Phil McNamara Motor Industry 30 July 2006 01:40 American brand Dodge is plotting a small hatch to take on Ford's Fiesta, with sales likely in 2008. Chrysler Group is in talks with three potential partners, to share a chassis for the baby Dodge. Chrysler boss Tom LaSorda told CAR Online that talks were ongoing with car makers from 'western Europea and Asia', and that he would make a decision on the project by the end of 2006.

Audi R8 spyder appears headed for Frankfurt show

The much-anticipated Audi R8 spyder likely will make its world debut in production guise at the Frankfurt motor show in September. The drop-top version of the head-turning German supercar would share mechanicals with the coupe, which offers a V8 making 420 hp and a V10 with 525 hp. The R8 has a mid-engine layout and channels power to the ground with all-wheel drive.