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More Saab products coming, Muller says

Saab's new Dutch owner, Spyker Cars NV, intends to spin additional models off its new Phoenix platform after it yields a redesigned Saab 9-3. Saab dealers will receive the latest 9-3 in 2012, Spyker founder and Saab Automobile AB Chairman Victor Muller said Thursday at the CAR Management Briefing Seminars in Traverse City, Mich. The dealers, who have been starved for product as former owner General Motors attempted to sell or liquidate the brand, also will obtain a Cadillac-based 9-4X crossover when it goes into production in April 2011 in Mexico.

Ford agrees to sell Aston Martin

Ford Motor Company announced this week it has entered into a definitive agreement to sell Aston Martin, its prestigious UK sports car business. The new owner of Aston Martin is a consortium comprised of: David Richards, founder and chairman of Prodrive, a world-leading motorsport and automotive technology company; John Sinders, an avid Aston Martin collector and a backer of Aston Martin Racing; and Investment Dar and Adeem Investment Co, international investment companies headquartered in Kuwait. The sale is expected to close during the second quarter and the transaction values Aston Martin at GBP 479 million ($925 million). As part of the transaction, Ford will retain a GBP 40 million ($77 million) investment in Aston Martin.

2012 Volvo S60 & XC60 R-Design get more oomph

Volvo V60 R-Design - finally, more get up and go We’re quite partial to the Volvo S60 (actually, we’re even more partial to the Volvo V60) and we like how Volvo’s R-Design pack makes a real impact without making the car look like a boy racer’s wet dream. What’s also nice – in this age of parsimony – is that even if you opt for a lowly diesel version you can still have a Volvo that looks like it gets there in a hurry, even if it doesn’t. But our preference is always for a bit more power, especially if all the visual cues make you smile in anticipation, so we have been know to bemoan the lack of any sort of power boost – even as an add-on option – on Volvo’s R-Design cars.