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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.

Eight places to be this Memorial Day weekend, an AW list

Most people spend Memorial Day Weekend in the backyard, at a local beach or stuck in traffic. That's all well and good, but you, AutoWeek reader, are not most people. Where you should be this weekend: 1.

New details on Mercedes' Porsche 911 fighter

Mercedes-Benz's AMG performance-car division is forging ahead with development of its new twin-turbocharged 4.0-liter V8 powered sports car, nine months before it is scheduled to be revealed at the 2014 German Grand Prix. Known to insiders by its code name, “C190” the two-seat coupe has been conceived to follow in the wheel tracks of the four-year-old SLS at the head of the German carmaker's lineup, aiming to challenge the heady performance and everyday driving appeal of the latest Porsche 911 Turbo at a price that insiders suggest will be in the region of $160,000 when North American sales begin in early 2015. Originally, AMG's new front-engined sports car was tipped to revive the iconic SLC name first used by the SL coupe back in 1971.