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Lamborghini set sales record despite decline in U.S.

Lamborghini sales in the United States fell in 2008, but the brand still had a record year worldwide, said president Stephan Winkelmann. "We balanced sales in the Middle East, China and Southeast Asia with the drop in the United States," he said. Lamborghini sold 741 cars in the United States in 2008, down 20.3 percent compared with 2007.

Saab funding from China likely delayed. Gets loan from North Street Capital

Saab gets funds from North Street Capital Last week we had Saab and their Chinese ‘backers’ getting in a bit of a muddle over funding. Which is what we’ve come to expect. Saab were adamant that the quote attributed to the Pangda Chairman that the Saab deal was no longer valid was a ‘misunderstanding’.

Hyundai lures Toyota's Michael O'Brien to head U.S. product planning

Hyundai named Michael O'Brien vice president of product and corporate planning--an influential position that has been vacant since John Krafcik became CEO in late 2008, the company announced on Tuesday. O'Brien, 55, spent the last 14 years at Toyota Motor Corp.'s U.S. sales division as a manager within the corporate planning division.