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Saab calls off deal with Chinese automaker

Saab parent Spyker Cars NV said Thursday that a strategic partnership deal with China's Hawtai Motor Group that would provide cash to help Saab turn around its business has been terminated. As a result, Saab may enter into a new strategic partnership with Hawtai or another Chinese party on manufacturing, technology and distribution in China, Spyker said in a release. "Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect.

Lamborghini could launch an SUV in 2017, Winkelmann says

Lamborghini could launch an SUV in 2017, CEO Stephan Winkelmann told a German newspaper. The Italian supercar brand will unveil a concept for the vehicle at the Beijing motor show on April 23 to test public reaction, according to a report in the German business daily Handelsblatt on Thursday. Winkelmann wants the SUV as a third model line along with the Gallardo and Aventador super cars to help make the brand profitable.

Mini electric test delayed by surge of applicants

Mini USA is taking longer than expected to select 450 lessees for its electric car because of the deluge of about 1,800 applicants. Drivers who are chosen are expected to get cars in April. The program originally had been expected to begin at the start of the year.