Read the Spyker Cars press release announcing the purchase of Saab from GM

PRESS RELEASE: GENERAL MOTORS AND SPYKER CARS REACH AGREEMENT ON SAAB -- GM and Spyker Cars announce a binding agreement over the transfer of ownership of Saab -- Terms are agreed and the deal is expected to close in February -- Saab's future as an independent company is secured -- Saab will exit the orderly wind-down process -- Spyker shareholders will restructure at closure of the deal -- Swedish Government issues guarantee in favour of EIB ZEEWOLDE, The Netherlands (26 January, 2010) -- General Motors Company and Spyker Cars N.V, today confirmed the details of a binding agreement over the transfer of ownership of Saab Automobile AB of Trollh

Who's Where: Frank Stephenson to move to Fiat

Frank Stephenson, Director of Ferrari-Maserati Concept Design and Development, is to move to Fiat to become Head of the Fiat, Lancia and Commercial Vehicle Styling Centre, based in Turin. Fiat Auto has seen a number of senior management changes within the last week, as part of an overall restructuring of the group. These include the appointment of Karl Heinz Kalbfell, Chief Operating Officer of Alfa Romeo, who is to become Chief Executive Officer of Maserati and replace Martin Leach who is now leaving the Company.

Video: Chevrolet C7 Corvette digital gauges teased

Chevrolet has released a new teaser video of its new C7 Corvette revealing more interior details and its new digital gauge cluster. With the 2014 Chevrolet Corvette's debut at the Detroit auto show rapidly approaching, the carmaker's latest teaser shows a new 200-mph speedometer and an all-digital screen featuring a large, centralized tachometer and information display. The latest teaser comes two weeks after another video showed the new Corvette testing in the wind tunnel, giving us minor glimpses of the C7. Within the first five seconds you can see a profile shot of the covered-up C7 before some flashes of design sketches.