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Arabian horse inspires bespoke Rolls Royce Phantom Mirage [w/gallery]

Rolls-Royce has created a bespoke Phantom Coupé named Mirage, inspired by the powerful Arabian stallion of the same name that became famous during the 1920s and ‘30s. The one-off car, designed for the United Arab Emirates market, features a matte black exterior with horse's head incorporated into its coachline detail, a motif that continues into the Mugello Red and black interior. There is also silver detailing such as the rope inlay on the front fascia and door capping.

Henrik Fisker launches new luxury sports car company

Henrik Fisker and Bernhard Koehler have announced the opening of a new luxury car company, Fisker Coachbuild, based in Southern California to appeal to the global market. The focus of the company will be on designing and manufacturing exclusive high-end sports cars, which will be limited to 150 units per design and sold under the Fisker brand name, with world-wide distribution. The first public unveiling of the new designs will be scheduled towards the end of 2005, with production to commence during the second quarter 2006.

Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.