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Spyker CFO is set to step down in July as Saab raises more cash

As Saab Automobile struggles to get back on its feet, Spyker Cars NV announced Wednesday that its chief financial officer plans to resign. Hans Go will step down as statutory director of Spyker effective July 1, Spyker said in a statement today. Saab production restarted last Friday after it received financial assistance from its new China partner, Pang Da.

Ford Focus EV certified at 105 mpg-e by EPA

The Ford Focus electric is officially the country's most fuel-efficient five-passenger car. The Environmental Protection Agency certified the vehicle at 105 miles per gallon-equivalent (mpg-e) in the combined cycle of city and highway driving. Mpg-e is how the government measures the efficiency of alternative-fuel vehicles.

GM pays back government loans

General Motors Co. said it has repaid the U.S. and Canadian governments $5.8 billion for loans that helped fund the U.S.