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Volkswagen buys stake in Suzuki

Volkswagen will buy nearly 20 percent of Suzuki for $2.5 billion in a deal poised to continue VW's ambitious growth plans and bolster its global product offerings. The companies announced the agreement on Wednesday, and it could close in January. The deal allows VW to draw on Suzuki's small-car capabilities and strong position in India.

Spyker & Youngman D8 SUV & Phoenix Joint Venture

Spyker and China’s Youngman are launching joint ventures to build the Spyker D8 SUV and develop the Saab Phoenix platform. Did you really think Victor Muller would come out of Saab with nothing? Especially after he told is in April he was looking for investors to push the Spyker D8 SSUV in to production? Muller’s Spyker and China’s Youngman – putative seller and buyer of Saab – are teaming up with a pair of joint ventures that will see Spyker’s long awaited Super SUV – the once D12 SUV and now D8 – coming to market, and Saab’s Phoenix Platform exploited.

Mercedes driven by Moss for sale

A "GULLWING" car that helped motor racing star Sir Stirling Moss win the gruelling Mille Miglia race is to be auctioned. Bonhams is offering the Mercedes-Benz 300SL at a sale at the Mercedes-Benz museum in Stuttgart, Germany, on July 12. Moss and his navigator Denis Jenkinson used the car on a course reconnaissance ahead of the 1,000-mile Mille Miglia race in Italy in 1955.