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Exclusive: Spyker drop Peking-Paris D12 in favour of D8

The Spyker Peking-Paris D8 will show at Frankfurt and cost just under £200k The Spyker Peking-Paris has been threatening to make its way in to production for what seems like a very long time now. However, Spyker has been beset by problems – mainly financial – for years, which has limited both their production and development capabilities, but recent investment from Russia has finally solved those problems, and Spyker is again starting to move forward. Cars UK has learnt that the clincher for the Russian investment was the investor’s love of the Peking-Paris, so with money in the kitty Spyker are pushing ahead with the car at speed.

Chrysler posts $370 million net loss on costs tied to repaid loans

Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.

2009 Mazda 3 hatchback unveiled ahead of Bologna

Mazda has today released the first pictures of the new Mazda 3 hatchback, ahead of the Bologna Motor Show on December 3rd. The pictures come hot on the heels of the recently announced saloon and, just like the saloon, the Mazda 3 hatchback is a much fresher design, with far more sporty pretensions. One of the big aims for Mazda with the 3 was, of course, a much more economical car without sacrificing the old model’s strengths.