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Spyker, Youngman plan to build Saab-based cars

Dutch supercar maker Spyker says it will form two joint ventures with China's Zhejiang Youngman to produce Saab-based vehicles and a luxury SUV under the terms of a deal that will give Youngman a 29.9-percent share in Spyker. Youngman was one of the Chinese companies Spyker turned to for investment when it was trying to revive the Saab brand under its ownership. After failing to get approval for the sale from General Motors, a former Saab owner, the deal with Youngman collapsed and Saab was declared bankrupt in December 2011.

New MINI to be revealed on 18th November – Sir Alec Issigonis’ birthday

The new MINI will be revealed on 18th November A couple of weeks ago, MINI revealed the MINI Vision Concept at the MINI Design Studios in Munich which previews the new Mk3 MINI, although it wasn’t a physical car, just a projected hologram. But the real new MINI isn’t far from a reveal, and MINI has announced that it will arrive on 18th November, which just happens to be the 107th birthday of the creator of the original Mini – Sir Alec Issigonis. The reveal will take place at the MINI Plant in Oxford with a party in London the same evening to celebrate, and on the 20th November the new MINI will be revealed in public at events in Los Angeles and Tokyo ahead of the Tokyo and Los Angeles Motor Shows.

Jaguar to build R8 rival

[ad#ad-1] Jaguar has its problems, there is no doubt. Tata is struggling financially with its recently acquired Jaguar / Land Rover set-up, but then virtually every car maker has major problems at the moment. And yes, it has just laid off 450 staff, although this seems to be more about management rationalisation than shedding pure manufacturing jobs.