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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.

Chrysler unplugs Envi electric-vehicle division

Envi, the team of engineers charged with developing electric vehicles for Chrysler, has been disbanded. A spokesman told Reuters that development of electric cars will be integrated into the company's traditional structure. “Envi is absorbed into the normal vehicle-development program,” Chrysler spokesman Nick Cappa told the wire service.

Audi Confirms New Q1 Mini SUV To Be Produced From 2016

GERMAN premium car maker Audi has announced plans to launch a new, small SUV in 2016 called the Q1. Slotting in below the firm’s existing Q3 model, its hoped the Q1 will help make a significant contribution to the company’s ongoing growth and will strengthen its international competitiveness as it expands into new markets and more countries. As an illustration of the company’s desire to expand, by 2020 its product range will have grown from the current 49 models to more than 60, and will reach total unit sales of more than two million cars each year.