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Spyker, Youngman agree on joint venture

Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.

2011 Saturn Vue: GM confirms plug-in crossover is on track

A plug-in electric powertrain once destined for a Saturn crossover will live on at General Motors and will arrive in 2011 in another vehicle. GM vice chairman and product chief Tom Stephens confirmed to wire service Reuters that the project remains on track. The automaker was scheduled to bring a plug-in version of the Saturn Vue to market in 2011.

Fuel prices 'rising again'

THE AUTUMN dip in petrol prices failed to stimulate sales and the cost of filling up is rising again, according to the AA. Drivers in small market and coastal towns are particularly suffering from high prices, with the dearest petrol found in East Anglia and Wales, the AA said. It added that between mid November and mid December, the average UK price of petrol rose from 130.44p a litre to 131.17p, while diesel increased from 137.78p to 138.61p.