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De Tomaso boss arrested by Italy’s tax police

Gian Mario Rossignolo, Chairman of bankrupt De Tomaso, has been arrested by Italian Tax Police over misuse of public funds. There was always something a little odd about the plans of Gian Mario Rossignolo for De Tomaso. Not at first, it’s true, but when De Tomaso delivered the Deauville Crossover as the opening salvo we all knew the new De Tomaso was an accident waiting to happen.

Saab seeks partner for new small car, aims to be a contract manufacturer

Saab is continuing its search for a partner to help it build a new entry-level car and the company also wants to build vehicles for other automakers at its factory in Sweden, Chairman Victor Muller said. "We are talking with other manufacturers to buy a platform or drivetrain technology for this entry-level car," Muller told Automotive News Europe. "It should come as soon as possible, in 2014 the earliest." Muller said the car would be priced at about 20,000 euros, or about $28,300 at current exchange rates.

Jaguar XFR with supercharged V8 at the Detroit auto show

Jaguar is expanding the XF range for the 2010 model year with the addition of the high-performance XFR which has been unveiled at the Detroit Auto Show Lurking under the hood is a supercharged version of Jaguar's new 5.0-liter direct-injection V8. For the XFR, this engine is rated at 510 hp and 461 pounds-feet of torque. That power is routed through a six-speed automatic transmission.