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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.

Korean Grand Prix (2013) RESULT

Korean Grand Prix (2013) RESULT It has looked for some of the F1 season that Mercedes – and particularly Lewis Hamilton – could get stuck in to Sebastian Vettel and slow down his race to another world championship, or that Fernando Alonso could make progress by stealth and put a stop to the German. But that all seems a distant thought as Vettel cruised almost serenely to a win in Korea, despite his lead being compromised at times by two safety cars and even a rogue Jeep fire tender on the track. Behind Vettel, who won by 4.2 seconds from the Lotus pair of Kimmi Raikkonen and Romain Grosjean, the best Vettel’s closest rival, Fernando Alonso, could manage was sixth, with Lewis Hamilton putting his Mercedes in fifth, behind Nico Hulkenberg.

Mahindra says it has dropped Global Vehicles as U.S. importer

India's Mahindra & Mahindra Ltd. said it has terminated a four-year agreement with its independent U.S. importer, Global Vehicles U.S.A.