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Saab calls off deal with Chinese automaker

Saab parent Spyker Cars NV said Thursday that a strategic partnership deal with China's Hawtai Motor Group that would provide cash to help Saab turn around its business has been terminated. As a result, Saab may enter into a new strategic partnership with Hawtai or another Chinese party on manufacturing, technology and distribution in China, Spyker said in a release. "Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect.

Ferrari 599 successor to debut at Geneva show

Ferrari has confirmed that the follow-up to the 599 Fiorano will debut at the Geneva motor show next month. The latest in Ferrari's long line of front-engine V12 GT cars, which stretches back to the 166 Inter of 1948, it's rumored to boast in the neighborhood of 700 hp. That's roughly double the power of the 365 GTB/4 pictured above, which Dan Gurney and Brock Yates famously used to cross the country in 35 hours and 54 minutes back in 1971.

2014 Performance Car Show Ready For Action

BRITAIN’S Best Driver’s Cars will take to the Live Action Arena at the Performance Car Show, running alongside Autosport International at Birmingham’s NEC from 9-12 January. Led by supercars such as the 468bhp Porsche 911 GT3 and the Aston Martin V12 Vantage S, ten cars will parade through the 5,000-seat Live Action Arena. Also assembling in the arena will be the Mercedes-Benz A 45 AMG, featuring the most powerful four-cylinder engine in production, as well as the Toyota GT86, Jaguar F-Type S, Porsche Cayman S and Ford Fiesta ST Mountune.