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Exclusive: Spyker drop Peking-Paris D12 in favour of D8

The Spyker Peking-Paris D8 will show at Frankfurt and cost just under £200k The Spyker Peking-Paris has been threatening to make its way in to production for what seems like a very long time now. However, Spyker has been beset by problems – mainly financial – for years, which has limited both their production and development capabilities, but recent investment from Russia has finally solved those problems, and Spyker is again starting to move forward. Cars UK has learnt that the clincher for the Russian investment was the investor’s love of the Peking-Paris, so with money in the kitty Spyker are pushing ahead with the car at speed.

Saab secures more funds as it seeks to avert collapse

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'.  Saab plans to use the funds to pay wages and begin partial payments to component suppliers in order to restart production. Saab's financial crisis: the current situation.

GM product chief Bob Lutz to retire

GM boss Bob Lutz Retires By Ben Whitworth Motor Industry 09 February 2009 17:41 GM boss Bob Lutz will retire at the end of the year. The vice chairman of global product development – who has been at the centre of the automotive industry for the last 46 years – will be replaced by Tom Stephens, GM’s current veepee for global powertrain and global quality. Lutz, 76, will continue to report to GM boss Rick Wagoner throughout 2009 in his new role as GM vice chairman and senior advisor, before bowing out at the end of December.