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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.

CES: New cars and communists

The first day of the 2012 Consumer Electronics Show featured one new Ford, two new Kias and a plug for communism from the head of Mercedes-Benz. So, yeah, it was an eventful first day. After its new 2013 Fusion plug-in hybrid was named Car of the Show--following previous such distinctions for the Focus electric and the Taurus--Ford CEO Alan Mulally pulled the cover off the Fusion Energi plug-in hybrid in Las Vegas on Tuesday.

Hennessey Cadillac Escalade gets 557 hp

The 2015 Cadillac Escalade is about as American as an SUV can be. We didn't find the 420-hp, 6.2-liter V8 lacking in any way, but if you want something with a little more grunt, Hennessey Performance Engineering and its HPE550 upgrade should help. Hennessey says the HPE550 Escalade package bumps output to 557 hp and 542 lb-ft of torque with the help of a belt-driven supercharger producing 6 psi.