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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.

Saab gets small payment from Youngman after yesterday’s ‘misunderstanding’

Saab gets a small payment from Youngman What on earth are we going to do once the Saab Saga is resolved? The machinations and misunderstandings surrounding Victor Muller’s increasingly desperate quest to keep Saab alive has probably provided more stories than almost anything else this year. Yesterday’s Saab episode surrounded Pangda Chairman Pang Qinghua stating that the Saab deal was no longer valid since Saab went in to court protection in Sweden, raising the prospect of one of Saab’s creditors pushing the bankruptcy button rather swiftly.

Mazda reveals Mazda2 EV with range-extender Wankel rotary engine

Mazda reveals Mazda2 EV with range-extender Wankel rotary engine It’s long seemed logical that a compact Wankel rotary engine – running at a constant speed – would be a great way of fitting electric cars with a range-extender option. Audi flirted with the idea of fitting the A1 e-tron with a Wankel engine a couple of years ago, but that got shelved. And Mazda – keepers of the Wankel flame – came up with the idea of a Wankel engine bolted in to an EV and powered by hydrogen last year, but it seems to0 have gone nowhere.