Datsun Roadster Battery Tray & Drain Hose Nos on 2040-parts.com

Saab calls off deal with Chinese automaker

Saab parent Spyker Cars NV said Thursday that a strategic partnership deal with China's Hawtai Motor Group that would provide cash to help Saab turn around its business has been terminated. As a result, Saab may enter into a new strategic partnership with Hawtai or another Chinese party on manufacturing, technology and distribution in China, Spyker said in a release. "Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect.

Saab says it will restart production after securing short-term loan

Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.

Ferrari 599XX evolves with more power, less weight and a movable wing

Ferrari used the Bologna motor show to unveil an evolution of the 599XX sports berlinetta. It's an enhanced version of the 599 GTB Fiorano that is purely for track use--it stays with the company even after you buy it. You are invited to drive at track days, from which Ferrari uses telemetry, but you aren't allowed to put it in your garage.