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Toyota hands over small-car development to its European unit

Toyota Motor Corp.'s European division next month will take charge of global product planning for small cars as the Japanese automaker expands model research and development in the region. The change, announced Dec. 17, means that Toyota will count on Europe to develop future products in the minicar, subcompact and compact segments, something that Ford Motor Co.

Saab calls off deal with Chinese automaker

Saab parent Spyker Cars NV said Thursday that a strategic partnership deal with China's Hawtai Motor Group that would provide cash to help Saab turn around its business has been terminated. As a result, Saab may enter into a new strategic partnership with Hawtai or another Chinese party on manufacturing, technology and distribution in China, Spyker said in a release. "Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect.

Weather creates travel misery

BRITAIN’S bleak midwinter continued today with strong winds, floods and fallen trees causing chaos to travellers trying to get away for Christmas. On the roads, many major routes were flooded or blocked by fallen trees, with Kent, Hampshire, Surrey, Sussex and Cornwall among the affected counties. In Dorset fire crews had to rescue 25 people trapped in their cars by flood water, while as many as 100,000 homes across the country were left without power.