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Spyker Cars to change name, shift focus

Spyker Cars is changing its name to Swedish Automobile N.V., and its new Chinese partner, Pang Da, is waiting for authorities to approve the investment in Spyker and Saab. Known for more than a decade as a producer of exclusive muscle cars, Spyker sold off its sports-car business in February to focus on Saab. The company bought the Swedish automaker a year ago when General Motors was on the verge of shutting Saab down.

Which car has the best residual value? A MINI

The MINI has the lowest depreciation of any car in the UK When it comes to buying a car, many of us decide how much we can afford to spend and then go and look for a car that fits our budget. But what we should really be looking at is how the car we want will be worth in the future – its residual value. Because the residual value of your car is often where the biggest costs lies, and it has a major impact on monthly payments if you decide to acquire your nice new car on a contract hire or leasing deal.

Auto sales top 14.4 million in 2012

U.S. light-vehicle sales--led by Volkswagen, BMW and Honda--jumped 9 percent in December, pushing the seasonally adjusted sales rate above 15.3 million for the second consecutive month and helping the industry finish 2012 on a high note. Automakers sold 14.49 million light vehicles in the U.S.