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Spyker said to be General Motors' only candidate to buy Saab

Spyker Cars NV is the only buyer under consideration for the Saab brand and is seeking to line up funding that will satisfy General Motors Co., a person with direct knowledge of the situation said. Financing has been a main obstacle to a deal, said the person, who declined to be identified because the information isn't public. The proposal from Spyker, a Dutch sports car maker, had included a Russian partner that GM rejected, and Spyker was seeking to arrange financing that didn't include that partner, the person said.

Detroit auto show: Ford pumps up the 2011 Mustang GT with 412 hp

To Ford Mustang fans, 5.0 has a special place in their hearts and Ford has delivered a new car for them to love: the 2011 Mustang GT. The 5.0-liter V8 Mustang GT will deliver 412 hp and 390 lb-ft of torque. The engine produces 83 hp per liter yet will return 25 mpg on the highway and 17 mpg in the city, according to Ford marketing boss Jim Farley.

First MINI Coupé rolls off the production line

MINI Coupe - first production car rolls out at Cowley We’ve only recently had the reveal of the new MINI Coupe – well, the production car reveal, that is. We had the first reveal of the MINI Coupe Concept nearly two years ago and, despite the production MINI Coupe looking almost exactly the same as the concept, MINI managed to do the production reveal in two stages – one with swirly disguise round the rump followed by a full reveal a week or three later. Still, all the pre-production marketing flim-flam out of the way, MINI are getting down to actually making the car that promises to be the most fun (modern) MINI so far, and the very first MINI Coupe has now rolled off the production line at Cowley – cue PR opportunity.