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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.

AutoWeek's Keith Crain receives Mercedes Star Driver award

AutoWeek editor-in-chief Keith Crain recently received the Star Driver award from Mercedes-Benz, an honor that recognizes an individual who has made great contributions to motorsports and the automobile industry. Crain, shown at left with Geoff Day, director of communications at Mercedes-Benz USA, is the sixth recipient of the Star Driver honor. He joins the ranks of Sir Stirling Moss, John Fitch, Jochen Mass, Jesse Alexander and AutoWeek senior contributing editor Denise McCluggage.

Chevrolet reveals more details of Camaro ZL1

The 2012 Chevrolet Camaro ZL1 will not be anywhere near as rare as its 1969 namesake when it arrives during the first quarter of next year, but the most powerful production Camaro to date should deliver performance easily worthy of its model designation. Camaro engineers on Thursday offered media members a preview of the upcoming Ford Mustang Shelby GT500 fighter, and the tale of the tape is impressive, especially in terms of grunt. The 6.2-liter supercharged LSA V8 will make 580 hp at 6,000 rpm and 556 lb-ft of torque at 4,200 rpm, besting Chevy's original targets for the engine's output and bettering its efficiency in the Cadillac CTS-V by 24 hp and 5 lb-ft.