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Spyker, Youngman plan to build Saab-based cars

Dutch supercar maker Spyker says it will form two joint ventures with China's Zhejiang Youngman to produce Saab-based vehicles and a luxury SUV under the terms of a deal that will give Youngman a 29.9-percent share in Spyker. Youngman was one of the Chinese companies Spyker turned to for investment when it was trying to revive the Saab brand under its ownership. After failing to get approval for the sale from General Motors, a former Saab owner, the deal with Youngman collapsed and Saab was declared bankrupt in December 2011.

Volkswagen has plans for yet another Beetle

The Volkswagen Beetle is on its way back, and this time around, it will be focused more on driving dynamics than on efforts to resurrect the past. Expected to appear in concept form at the Los Angeles auto show late this year, the second-generation version of the modern-day Beetle goes on sale in the United States in May 2011. A convertible with a fabric top will follow about a year later.

BMW recalls new 5-series

BMW is recalling up to 12,400 new 5-series sedans that have defective fuel-tank sensors. Bloomberg reports that the fuel sensors can become wedged against the tank, causing the fuel gauge to display a higher amount of fuel than what is present. There have been 10 reported incidents of sedans being affected by the defect in the United States.