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Spyker, Youngman agree on joint venture

Dutch 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.

Honda to leave F1

The rumour mill is working overtime on everything cars at the moment. But this story seems to be for real. Honda is set to announce that its Formula 1 Team is to be put up for sale with immediate effect, and if no buyer materialises then it intends pulling out of the new Formula 1 season due to start in March 2009.

BMW M550d, X5 M50d & X6 M50d Official

BMW M550d - it's official As expected, the BMW M550d, BMW X5 M50d and BMW X6 M50d have been revealed as the first models in the new BMW M Division range. After speculation going back a couple of years, BMW has finally revealed a triumvirate of mighty diesel-powered M Division cars, with the unveiling of the M550d, X5 M50d and X6 M50d, all of which will debut officially at Geneva 2012 before going on sale later this year. First to arrive will be the X5 M50d and X6 M50d in the summer, with the M550d Saloon and M550d Estate probably not hitting the UK until close to the end of the year, but the UK won’t be getting the M550d xDrive – our cars will be RWD.