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Ariel Atom 500 V8 (2008): more details and photos

By Tim Pollard First Official Pictures 28 May 2009 10:34 British sports car specialist Ariel is beavering away on its latest adrenaline hit: a V8 version of its Atom. As if the regular Atom wasn’t barking enough, the new Atom 500 features a new 3.0-litre V8 producing 500bhp (hence the name), which propels it deep into ‘fastest car in the world‘ territory. Ariel has shown one exterior image of the Atom 500 already (pictured), but today is the first glimpse of the new V8 engine.

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.

Saab CEO Jonsson to retire in May; search is under way for a successor

Saab owner Spyker Cars N.V. is looking for a successor to long-serving Saab CEO Jan Ake Jonsson, who will retire on May 19. Jonsson, 59, played a key role in saving Saab when former owner General Motors Co.