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Spyker signs deal with China's Hawtai Motor to raise funds for Saab

Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.

BMW Pininfarina Gran Lusso Coupé revealed ahead of debut at 2013 Concorso d’Eleganza Villa d’Este

The BMW Gran Lusso Coupe by Pininfarina revealed ahead of Villa d’Este Or at least it still does if you expect the new 8 Series to look like a two-door version of the next generation 7 Series, rather than a completely individual model like the old 8 Series. Underpinning the Gran Lusso Coupe is the same platform the 7 Series uses and the same V12 from the 760i, which makes it both easier to bolt the Gran Lusso together and imagine it as future production model. The exterior of the Gran Lusso looks a bit like a coachbuilt version of a big BMW coupe, with most of the BMW design cues intact – if sharpened somewhat – with short overhangs and a long wheelbase.

Supermarkets cut petrol prices

MOTORISTS have received some late-autumn cheer in the form of supermarket cuts to the price of petrol. Asda, Morrisons, Sainsbury's and Tesco all announced that reductions would take effect from today. Asda said that no one filling up at its forecourts would pay more than 126.7p a litre for petrol from today , with diesel priced at 133.7p.