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Spyker signs deal with China's Hawtai Motor to raise funds for Saab
Tue, 03 May 2011Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.
General Motors names Mary Barra to head global product development
Thu, 20 Jan 2011General Motors named Mary Barra head of global product development on Thursday, succeeding Tom Stephens, who was named global chief technology officer of the automaker on Wednesday. An engineer, Barra, 49, is the first woman to hold the top product development job at GM. Since 2009 she has served as vice president of global human resources for GM--a key post as the automaker restructured and emerged from bankruptcy protection.
Spyker confirms Peking to Paris will be a V8
Thu, 23 Apr 2009Spyker confirms that the Peking Paris luxury 4x4 will be a V8 not a V12 [ad#ad-1] We brought you an exclusive the other day that Spyker will drop the planned V12 version of its uber-4×4 – The Spyker Peking-Paris D12 – in favour of a supercharged V8 – The Spyker Peking-Paris D8. But it’s always nice to have confirmation from the horses mouth and today, with a financial statement from Spyker, comes a tacit admission (or actual proof, as we like to think of it!) that our story was indeed correct. Spyker talk about the Peking-Paris in their statement, but only ever refer to it as the D8, dropping all references to the D12, which is probably as much as they’re willing to reveal until the car turns up at Frankfurt in September.