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Spyker CFO is set to step down in July as Saab raises more cash

As Saab Automobile struggles to get back on its feet, Spyker Cars NV announced Wednesday that its chief financial officer plans to resign. Hans Go will step down as statutory director of Spyker effective July 1, Spyker said in a statement today. Saab production restarted last Friday after it received financial assistance from its new China partner, Pang Da.

Mercedes-Benz scores double wins at German Design Council awards

Mercedes-Benz took home two design trophies from the 2014 German Design Council awards, winning Special Mentions for the 2014 Mercedes-Benz S-class and the Ener-G-Force concept vehicle. The German Design Council traces its history back decades, and every year dozens of experts evaluate more than a thousand entries, with just a fraction of them being automotive designs. This year 30 well-known design experts judged approximately 1900 submissions, assessing a variety of design elements in picking their top choices, and this year a duo of Mercedes-Benz vehicles won the praise of design gurus.

Next-gen Passat to offer hybrid and twin-turbo power

VOLKSWAGEN is going even more upmarket with the all-new version of the Passat, which is due to hit showrooms later this year. Soon buyers will be able to include a plug-in hybrid and an all-new 2.0-litre twin-turbo diesel among their forecourt options, as VW goes chasing after its sister company Audi. Weight-saving measures have chopped up to 85kg from the new kid on a like-for-like basis, which helps achieve VW's stated efficiency boosts of 20% versus equivalent outgoing Passats.