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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.

Jaguar C-X75 adds Louis Vuitton Award to collection

Adding to its collection of trophies, the Jaguar C-X75 was last night awarded the Louis Vuitton Classic Concept Award 2010 by a panel of luminaries from the worlds of design, fashion and luxury. Set up in 2009, the annual Louis Vuitton Classic Awards Ceremony took place in Paris on February 1st and recognizes both a classic car and a new innovation within the automotive industry. The Louis Vuitton award is the latest accolade for the C-X75, since its unveiling at the 2010 Paris motor show.

Toyota FT-86 and Subaru BRZ to launch next month

Toyota FT-86 (pictured) & Subaru BRZ to debut at Tokyo The road from concept to reality has been a long one for the Toyota FT-86 and Subaru BRZ. But the wait is almost over for the Toyota/Subaru joint development, with production-ready versions of the FT-86 and BRZ planned for the Tokyo Motor Show next month. The aim was to produce a sporty, fun coupe for under £20k, and although that still seems to be the general consensus we wouldn’t be surprised to see the FT-86 come in at around £25k and the more powerful BRZ getting close to £30k when they actually arrive in 2012.