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Spyker signs deal with China's Hawtai Motor to raise funds for Saab

Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.

Day 59 and counting for General Motors: Fritz says it like it is

With less than two months remaining to determine its fate, newly christened General Motors CEO Fritz Henderson held a press conference Tuesday to show Wall Street and Washington that the buck stops with him. He did a creditable job. No, he did not remind viewers of Alexander Haig so much as he played the part of confident commander in charge.

2013 Honda Fit EV sales expand to East Coast

Honda is expanding leases of its Fit EV from the left-coast bastions of Oregon and California to the East Coast markets of Massachusetts, Connecticut, Maryland, New York and New Jersey. Eco-minded East Coasters still can’t buy the car outright, but they’ll now be able to lease the electric Fit for three years at a cost of $389 per month. The Fit EV has a mpg equivalency rating of 118 and an EPA electric driving range of 82 miles.