Franklin Mint Ford F-100 Pocket Watch on 2040-parts.com

Spyker in negotiations to sell its sports-car business to focus on Saab

Spyker Cars said Thursday it is negotiating to sell its sports car business to a company controlled by Russian billionaire Vladimir Antonov. Spyker, which bought Saab from General Motors Co. a year ago, said it has signed a memorandum of understanding to sell Spyker's assets to U.K.

Volvo V60 Plug-in Hybrid – now with Volvo’s R-Design spec. Price from £51,675

The Volvo V60 Plug-in Hybrid now get the R-Design option The Volvo V60 Plug-in Hybrid is already selling at such a rate that Volvo can’t keep up with demand, and now they’re making it even more difficult for themselves by launching an R-Design version. Volvo’s R-Design models add a range of tweaks to the regular range that add more visual purpose, but do so subtly and without too much fanfare. The R-Design version of the V60 Plug-in Hybrid is no different, with R-Design bumpers and grill, rear diffuser and 18″ Ixion alloys on the exterior and sports seats, sports pedals, sports floor mats and charcoal headlining on the interior giving the car a more focused appeal.

UAW: GM, Chrysler may not need additional federal funds

UAW President Ron Gettelfinger said today that General Motors and Chrysler LLC may not need additional federal loans beyond the $17.4 billion approved by the White House. "If we can get by without more money, that's what we want to do," Gettelfinger told Automotive News in an interview at Solidarity House in Detroit. He said how well the money holds out will depend on sales volume this year.