Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series on 2040-parts.com

Detroit Electric delays SP:01 again

Detroit Electric, the new startup with an old name, said it is delaying production because it hasn't secured a lease or purchase agreement for its manufacturing facility in Plymouth, Mich. It is also talking to some new partners, though the company declined to name them. North American president Don Graunstadt told the Detroit News, “To further elaborate at this juncture is, unfortunately, not possible as Detroit Electric have entered into negotiations with other parties that have the potential to impact our business strategy and timing,” Graunstadt said.

GM to shut down Saab

General Motors will shut down Saab after the automaker wasn't able to conclude a deal to sell the brand to Spyker Cars, GM said on Friday. “Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time," GM Europe president Nick Reilly said in a statement. "In order to maintain operations, Saab needed a quick resolution.

Chrysler, VW, Kia and Toyota set March sales pace

U.S. light-vehicle sales--aided by Chrysler Group, Volkswagen Group, Hyundai-Kia and Toyota Motor Corp.--rose 13 percent in March to 1.4 million units, with demand for smaller, fuel-efficient models, redesigned vehicles and pickups driving the gains. Even with gasoline prices exceeding $4 a gallon in many parts of the country, the seasonally adjusted sales rate for March hit 14.4 million units.