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Spyker signs deal with China's Hawtai Motor to raise funds for Saab

Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.

Land Rover Discovery Sport CONFIRMED as the new Freelander / LR2

Land Rover Discovery Sport will be the new Freelander This week has seen the reveal of the Land Rover Discovery Vision Concept in New York, the first look at the design language and technology a new family of Discovery models will offer. But the first model in the new Discovery family won’t be a replacement for the Discovery but a replacement for the Freelander (or LR2 in some markets). And now we know it will be called the Land Rover Discovery Sport.

Briggs Cunningham's Le Mans Corvette race car found in Florida

One of three 1960 Chevrolet Corvettes campaigned by Briggs Cunningham at the 24 Hours of Le Mans--a car whose whereabouts have been unknown for more than 30 years--has been found. The car, which wore the No. 1 for the Le Mans race with drivers Cunningham and William Kimberley, will be shown publicly at the Corvettes at Carlisle show in Carlisle, Pa., in late August.