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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.

Goodwood Revival To Honour Iconic Maserati 250F

SEPTEMBER will see the organisers of the popular Goodwood Revival mark 60 years of one of Formula 1’s most iconic machines, the Maserati 250F. One of the highlights of the historic race meeting will be one of the largest ever on-track collections of the car at the September 12-14 event. As many as 16 examples of the 250F are expected to take part in the Richmond Trophy, which this year will feature 2.5-litre, front-engined grand prix cars of a kind that raced from 1954 to 1960.

Hyundai plots brave new MPV future

By Jed Maxwell Motor Industry 24 October 2008 09:00 Hyundai’s president believes his firm’s future lies in MPVs and more derivatives of its existing models. Kun-Hee Ahn, chief of the Korean firm’s European operation said: 'The world is currently a very unfriendly place for SUVs. For us the future has two directions.