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Saab parent company to sell Spyker luxury brand to U.S. firm

Saab parent company Swedish Automobile plans to sell its Spyker luxury-sports-car brand to U.S. private-equity firm North Street Capital for about $44 million. Spyker has been careful to point out to European news sources that the agreement has not been made final.

Volkswagen e-Golf stars at the 2013 Frankfurt Motor Show

Volkswagen is joining the revolution here at Frankfurt 2013 with its new all-electric e-Golf. And far from being an impractical method of transport to appease eco hippies and excite forward-thinking car geeks, it’s actually perfectly practical. Electric cars are rapidly becoming an unstoppable silent force, so it’s time to embrace them.

Ferrari adds Apple executive to board

Ferrari has tapped a high-ranking Apple executive responsible for iTunes and the App Store to serve as a new member of its board. Eddy Cue has worked for Apple for 23 years and reports directly to company CEO Tim Cook. He serves as senior vice president of Internet and software activities for the Cupertino, Calif., company.