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Saab calls off deal with Chinese automaker

Saab parent Spyker Cars NV said Thursday that a strategic partnership deal with China's Hawtai Motor Group that would provide cash to help Saab turn around its business has been terminated. As a result, Saab may enter into a new strategic partnership with Hawtai or another Chinese party on manufacturing, technology and distribution in China, Spyker said in a release. "Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect.

Celebrating the Bugatti clan at the Mullin Museum

Legend holds that Ettore Bugatti was at dinner with some of his wealthiest clients when an aristocratic lady -- who already owned numerous Bugattis -- lamented, "I want to buy another Bugatti…but I want the most luxurious car in the world. Too bad I have to buy a Rolls-Royce or a Hispano-Suiza." Ettore nodded politely, in that insouciant way that temperamental geniuses do in order to distance their own reactions, excused himself after dinner, ran to his hotel room, and drew what would become the Type 41 Royale -- the most astonishing, dramatic, expensive luxury car in the world. True to the name of the recent crop of limited-edition Veyron SuperSports (and what Veyron isn't a limited edition?), Bugatti traffics in legend.

Peterbilt and Local Motors launch online competition

Peterbilt Motors has teamed up with Local Motors to launch a new online competition, the Peterbilt Road Icon Generation 2 challenge. The challenge is to design the next generation Peterbilt Icon, using existing elements of the cab to create a more aerodynamic, modern and stylish product. Designers will have the support and feedback of Peterbilt designers and engineers throughout the submission stage.