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Saab calls off deal with Chinese automaker

Saab parent Spyker Cars NV said Thursday that a strategic partnership deal with China's Hawtai Motor Group that would provide cash to help Saab turn around its business has been terminated. As a result, Saab may enter into a new strategic partnership with Hawtai or another Chinese party on manufacturing, technology and distribution in China, Spyker said in a release. "Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect.

Ferrari HY-KERS 2012 heading for F70 revealed: Beijing 2012

Ferrari HY-KERS 2012 Ferrari has revealed a new HY-KERS hybrid setup for 2012 at the Beijing Motor Show which is heading for the F70 Enzo replacement. It may seem odd to talk about a hybrid Ferrari, but it’s vital for companies like Ferrari to have a hybrid option in their arsenal to reduce average CO2 emissions for as long as legislators continue their pointless governance of carbon dioxide levels. That’s why Ferrari developed their HY-KERS system, which was shown on a 599 in 2010, and it’s why Ferrari has now revealed a new HY-KERS system at the Beijing Motor Show.

'Adam Seeks Eve' sketching competition winner announced

The top three designs of the ‘Adam Seeks Eve‘ international sketching competition have been announced. A judging panel of six professional designers and organizer representatives – chaired by exterior chief designer of the Opel Adam Niels Loeb – selected the top three designs from over 400 submitted projects. 23-year-old Marcell Sebestyén from Hungary claimed top honors with his design, while second place went to 36-year-old Lukáš Taneček from the Czech Republic.