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Saab owners Spyker NV to become Swedish Automobile NV

Is the rain coming to an end at Saab? In the seemingly never-ending saga of Spyker and Saab it does now seem likely that the deal we reported last week with Chinese distributors Pang Da is going to pan out. The messy-looking deal with Pang Da has seen the beleaguered Dutch car maker receiving €30 million already from the cash-rich Chinese, which it’s using to pay-off its suppliers in an attempt to get production lines rolling again in Trollhattan.

Range Rover Evoque Sport to get new 3.0L V6 Supercharged

Reports suggest that Land Rover will bolt the new Jaguar 3.0L V6 Supercharged in the Evoque to create the Range Rover Evoque Sport. We’ve been mulling the probability of a Range Rover Evoque Sport since last year when we asked whether the inevitable Sport version of the Evoque would come with a turned-up Ecoboost lump or whether it would get the new Supercharged V6 Jaguar are putting in their cars. Last month we looked at the Evoque Sport again after it was revealed that Land Rover Design Director Gerry McGovern has been driving round in an Evoque with an EcoBoost engine running at around 300bhp, suggesting the Ecoboost was perhaps the favoured option.

Read the GM press release annoucing the sale of Saab to Spyker Cars

PRESS RELEASE: GM Reaches Agreement to Sell Saab to Spyker DETROIT -- General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances. “General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.