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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.

Tesla Model X SUV delayed until 2015

Tesla has revealed that its Model X SUV – based on the Model S – will be delayed until 2015 so Tesla can concentrate on Model S sales. Despite plenty of cynicism in the car industry that Tesla could deliver their Model S saloon at all, never mind at a reasonable cost, Tesla has confounded its critics by not only launching the Model S, but seemingly taking as many orders as it can handle. On the face of it, that’s not surprising.

VW 1L and electric Audi R8 (2009) leak early

By Tim Pollard First Official Pictures 14 September 2009 13:44 As usual, the embargos are tumbling ahead of the 2009 Frankfurt motor show – with photos of the new VW 1L concept car and electric Audi R8 spreading like wildfire. Both were supposed to be surprises held for a soirée on the eve of the show. Volkswagen’s 1L concept car is Wolfsburg’s latest incarnation of its cigar-shaped two-seater.