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Spyker slaps GM with $3 billion lawsuit

Spyker, the Dutch supercar firm and owner of Saab, hit General Motors with a $3 billion lawsuit Monday, claiming GM forced Saab into bankruptcy and interfered with a potential deal with Chinese investors that could have saved the company. Spyker is suing on behalf of Saab, assuming legal costs in exchange for a significant proportion of any potential award. Saab went into bankruptcy in December 2011.

U.S. sales rise 9 percent in July

U.S. demand for light vehicles continued to defy mostly weak economic indicators by rising 9 percent in July. Big sales gains at Japan's and Europe's top automakers--Toyota, Honda, Nissan and Volkswagen--offset declines at Ford Motor Co.

Seat completes industry's largest solar panel installation

SEAT HAS completed construction of the largest solar panel installation in the automotive industry. The huge 'Seat al Sol' array at the firm’s Martorell plant outside Barcelona is the size of 40 football pitches and generates 15 million kilowatt hours of power per year courtesy of the reliable Spanish sunshine. The electricity produced is enough to account for a quarter of the amount needed to build a year’s allocation of Leons, reducing the factory’s energy bills significantly and saving 7,000 tonnes of CO2 per year.