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Henrik Fisker launches new luxury sports car company

Henrik Fisker and Bernhard Koehler have announced the opening of a new luxury car company, Fisker Coachbuild, based in Southern California to appeal to the global market. The focus of the company will be on designing and manufacturing exclusive high-end sports cars, which will be limited to 150 units per design and sold under the Fisker brand name, with world-wide distribution. The first public unveiling of the new designs will be scheduled towards the end of 2005, with production to commence during the second quarter 2006.

Saab turns down takeover offer from Chinese investors

Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.

Chevrolet Spark subcompact goes teen idol, but 'dubs' not standard

If ever there was a car built for 16-year-olds, the 2013 Chevy Spark is it. It comes standard with a team of electronic nannies, more infotainment than Saturday-morning television and a length that's a full three feet shorter than the Cruze and one foot shorter than the diminutive Honda Fit. “We listened to what young people said they wanted in a car.