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Spyker, Youngman plan to build Saab-based cars

Dutch supercar maker Spyker says it will form two joint ventures with China's Zhejiang Youngman to produce Saab-based vehicles and a luxury SUV under the terms of a deal that will give Youngman a 29.9-percent share in Spyker. Youngman was one of the Chinese companies Spyker turned to for investment when it was trying to revive the Saab brand under its ownership. After failing to get approval for the sale from General Motors, a former Saab owner, the deal with Youngman collapsed and Saab was declared bankrupt in December 2011.

BMW, Daimler experiment with upscale rent-by-the-ride

Two European luxury brands are tiptoeing into car sharing, a radical move for carmakers whose business for the past 100 years has been selling to individuals. German archrivals Daimler AG and BMW AG have launched sharing programs. The automakers say the move was prompted by changing attitudes about car ownership, especially among young buyers, and increased urban congestion.

Audi win at Le Mans – again

Audi has not only won at the 2012 Le Mans 24 Hour, but they’ve taken 2nd, 3rd and 5th places too in the diesel hybrid R18 e-Tron. It’s a huge achievement to win at Le Mans, so hats off – yet again - to the incredible Audi team with another stunning win at Le Mans – the 11th time in the last thirteen years - and for their 2nd, 3rd and 5th place too. The winning Audi R18 e-Tron was the first hybrid car to win at Le Mans and was brilliantly driven by Marcel Fässler (Swiss), André Lotterer (German) and Benoît Tréluyer (French).