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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.

Mercedes-Benz hooks up with Europcar for its courtesy cars

Mercedes partner with Europcar for courtesy cars Providing courtesy cars for customers is something of a pain for car makers. Customers expect a courtesy car when they come in for repair or service or after an accident, and that’s not easy to manage. So car makers partner with car hire firms to make the whole thing work and, usually, know they can put a customer in a courtesy car whenever it’s needed.

Volvo V60 Plug-in Hybrid (2012): first details

Volvo will unveil its new V60 Plug-in Hybrid at the 2011 Geneva motor show in March. The new Volvo V60 Plug-in Hybrid is described as 'virtually production-ready' and will be built and sold by the Swedish car company from 2012. Driving the front wheels through a six-speed automatic is an upgraded version of Volvo's 2.4-litre five-cylinder D5 engine: power and torque goes up from 202bhp and 309lb ft to 213bhp and 325lb ft.