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Spyker in negotiations to sell its sports-car business to focus on Saab

Spyker Cars said Thursday it is negotiating to sell its sports car business to a company controlled by Russian billionaire Vladimir Antonov. Spyker, which bought Saab from General Motors Co. a year ago, said it has signed a memorandum of understanding to sell Spyker's assets to U.K.

London rush hour 'worst in UK'

ANALYSIS of in-car telematics data has revealed that London commuters get the worst deal in rush hour, with average speeds 30% slower than those across other British cities. The study of 20 million miles of telematics data by Direct Line Drive Plus shows that despite London having more congestion-fighting measures than anywhere else in the country, its road-based commuters suffer worse peak time traffic misery than anywhere else. During peak times, cars in Westminster travel at an average speed of just 10.06mph, compared to a figure of 14.38mph across the biggest British cities.

Toyota: Fixes are working on recalled vehicles

Toyota maintains that the fixes being made to correct unintended acceleration in millions of recalled vehicles are sufficient. But at a press event Monday, company officials said they are willing to bring in as many independent researchers as needed to resolve the issue once and for all. “We don't think there is a ghost issue out there,” said Kristen Tabar, general manager of electronic systems at the Toyota Technical Center in Ann Arbor, Mich.