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Spyker, Youngman agree on joint venture
Thu, 06 Dec 2012Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.
Chrysler drops Electric Cars
Sat, 07 Nov 2009The Lotus-based Dodge Circuit Electric Car - will not be made Over the last year or two Chrysler has banged on about their plans to release a raft of electric cars. In fact, they even used their electric car plans as part of the pitch for bailout funds from the US Government. They said they were developing three electric cars and they would be on sale by 2010.
VW will build small run of XL1 plug-in hybrid
Wed, 26 Jan 2011Volkswagen will begin production of its XL1 plug-in hybrid in two years. "We want to go into series production with this car starting in 2013," VW chairman Ferdinand Piech told Automotive News Europe on Tuesday at an event in Doha, Qatar, ahead of the 2011 Qatar auto show where VW unveiled an XL1 prototype. (a href="http://www.autoweek.com/article/20130221/GENEVA/130229972">Read the latest update here announcing the XL1 hybrid's Geneva Auto Show debut).