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Spyker signs deal with China's Hawtai Motor to raise funds for Saab

Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.

Aston Martin unveils 2009 Le Mans challenger: first official pictures

By Ben Pulman First Official Pictures 27 January 2009 09:50 Those plucky Brits. This is Aston Martin’s new petrol-powered LMP1 Le Mans contender, designed to take on the diesel might of Peugeot's 908 and Audi's new R15. Aston is aiming for the overall win at the legendary 24-hour race on 13-14 June 2009, 50 years after Carroll Shelby and Roy Salvadori drove a DBR1 to victory. Aston’s new LMP1 car is based on the Lola-developed 2008 Charouz Racing Aston Martin that came ninth at Le Mans in 2008. For '09 the car has been further tweaked with help from Lola, Michelin, Koni and BBS.

Audi says, 'so long vampires' in Super Bowl ad

Audi has combined two of America's favorite things for its S7 ad, the Super Bowl and vampires. The German automaker released its one-minute commercial on YouTube, ahead of the big game next week. The S7 is the high-performance version of the A7 sedan.