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Spyker uncertainty leads to redundancies at CPP

Will we ever see the Spyker C8 Aileron Spyder go in to production? Having geared up for production of Spyker Cars, the uncertainty surrounding ownership and future production has lead to management redundancies at CPP. It all started so well for CPP (Manufacturing, Global Holding et al) when it was announced that Spyker Cars had been bought by CPP.

Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.

Facelifted Audi R8 (2012) prices announced

Audi has announced prices for its revised 2012 R8 supercar range. The cheapest way into R8 ownership remains the V8 Coupe, at £91,575, while the new flagship R8 V10 Plus will set you back a cool £127,575 if you opt for the pricier double-clutch gearbox version. Why the premium for the Audi R8 Plus?