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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.

Nismo enters a new era

Nissan made Nismo its exclusive performance car and motorsports brand at its new global headquarters in Yokohama, Japan. CEO Carlos Ghosn declared the building open at a ribbon-cutting ceremony on Monday. Even though Nismo has been tuning cars for Nissan for almost 50 years, its first true production car didn't hit the streets until the Nissan Skyline 2000GT.

Gales and rain hit Christmas travel

PEOPLE WANTING to get home for Christmas face major disruption as strong gales and torrential rain threaten to cause travel chaos. Severe weather warnings are in place for much of the UK today until 9am on Christmas Eve, threatening to cause localised flooding across southern England and Wales. Strong winds are expected across much of the UK, with winds of up to 80mph in coastal areas of southern England, while Scotland is braced for sleet and snow storms and icy roads, the Met Office said.