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Spyker signs deal with China's Hawtai Motor to raise funds for Saab

Saab 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.

Latest news on Fiat's plan to gobble up GM-Europe

By Tim Pollard Motor Industry 15 May 2009 10:18 With just over a fortnight until General Motors’ fate is sealed, moves to rescue GM’s European car making division are accelerating. Fiat – already named as the Obama-blessed partner for bankrupt Chrysler in the US – is now wooing Opel, Vauxhall and Saab in Europe. If successful, Fiat would overnight become the second biggest car making business in the world.

Nissan teases new Sports Saloon Concept for Detroit

Nissan teases new Sports Saloon Concept for Detroit Now we’re in to 2014, and the Detroit Auto Show is just a few weeks away, we’re going to get more news and teases ahead of the show, and this one comes from Nissan. The single teaser image (above) shows a new ‘Sports Sedan Concept’ which looks like it will preview the next generation Nissan Maxima due in 2015. We don’t get the Maxima in the UK, but the Sports Sedan Concept also previews a new style direction for Nissan which is likely – in  toned-down form – to find its way in to future Nissan’s this side of the Pond.