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Spyker, Youngman plan to build Saab-based cars

Dutch supercar maker Spyker says it will form two joint ventures with China's Zhejiang Youngman to produce Saab-based vehicles and a luxury SUV under the terms of a deal that will give Youngman a 29.9-percent share in Spyker. Youngman was one of the Chinese companies Spyker turned to for investment when it was trying to revive the Saab brand under its ownership. After failing to get approval for the sale from General Motors, a former Saab owner, the deal with Youngman collapsed and Saab was declared bankrupt in December 2011.

Chrysler's main creditors reach deal with U.S.; others hold out

The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.

Maserati Quattroporte Sport GT S (2007): first official pictures

By Ben Pulman First Official Pictures 28 August 2007 11:10 Super-saloon It is, but Quattroporte sounds better than ‘four-door’ - which is the literal translation - and when the whole thing is said in an Italian accent then there are few more evocative names on the market. Add Sport GT S to that and you’re now looking at the most focused Quattroporte yet. The Quattroporte Sport GT S (and no, I’m not paid by the word) builds on the Sport GT package but takes this saloon one sporting step further.