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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.

Revenge Design GTM-R is revealed at the Detroit auto show

File this under the eye-candy department at the Detroit Auto Show. An Indiana company named Revenge Designs Inc. unveiled at $145,000 supercar Monday that's fitted with a slew of General Motors parts, including the vaunted LS7 V8 rated at 505 hp and 470 lb-ft of torque.

Volvo XC90 loses two-tone body, adds more options for 2013

Volvo refreshed its XC90 SUV for the 2013 model year. The Swedish automaker says it's the most significant update since the vehicle's debut a decade ago. At the top of the list--for us anyway--is the deletion of the lower body cladding.