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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.

Jaguar to sculpt C-X16 clay model live in London

Jaguar is set to send a team of its clay modelers out to Clerkenwell Design Week to work on a full-size model of its C-X16 concept car in a display of the skills involved in sculpting and vehicle design. Julian Thomson, Advanced Design Director, Jaguar, said: "Jaguar is one of the most technologically advanced companies in the field of product development but we still believe in the sense of artistry. "Emotional connections are at the heart of our vehicles and the traditional process of working with clay with some of the best sculptors in the world allows us to refine them into the purest surfaces," he added.

Tunnels get F1 ace Räikkönen buzzing

FERRARI's Formula One aces Fernando Alonso and Kimi Räikkönen put pleasure before business at the Belgian Grand Prix weekend, taking to a specially-made track in a hyper-exclusive 458 Speciale in a test of driving excitement. The stars travelled down the road from the famous Spa circuit to an event hosted by Shell, Ferrari's fuels and lubricants partner, where a 1.2km circuit built for excitement had been put together, featuring a tunnel full of laser lighting, a simulated winter corner with authentic whirling snow, and an F1-style starting grid. The tunnel flicked Kimi's switch more than any other part of the track, with the telemetry showing a spike in excitement levels as he hit the power through the multi-coloured lasers and smoke.