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Renault, Caterham form joint venture to build sports cars

Two lightweight two-seat sports cars, likely to be on sale in 2015 or 2016, will be the first output of a joint venture between French automaker Renault and U.K. sports car maker Caterham that was announced Monday. Renault will put its Alpine factory in Dieppe and its 300-person workforce into the 50:50 joint venture.

Spyker warns that Saab's future is 'uncertain' without fresh funds

Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing. In its annual report released today, Spyker said the company's "continuity" could become uncertain unless it secures extra funds to finance ongoing operations and the execution of its business plan. Earlier this week, Saab was forced to shut down production for short intervals after key suppliers halted parts deliveries for non-payment.

Audi TT range extended for 2009

Audi has released details of the changes to the Audi TT for 2009, including more models with the quattro option and the S-Line pack available across almost all the range. S-Line (the most popular add-on across the Audi range, and the one guaranteed to get you the best price at trade-in time) is now available on the 2.0 TFSI and 2.0 TDI Coupe and Roadster for an additional £1,615 and on the 3.2 V6 Coupe and Roadster for an additional £1,030. Audi has extended the TT range for 2009 Quattro four-wheel-drive availability has now been extended to the 2.0 TFSI Coupe and Roadster, together with the standard S tronic twin-clutch transmission.