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Hyundai drops out of shrinking Tokyo auto show

The incredibly shrinking Tokyo auto show just got even smaller. Hyundai Motor Co., the last major foreign automaker which was scheduled to participate in next month's show, has decided to pull out with just weeks to go, organizers say. “Hyundai called last week and orally confirmed their intent to cancel,” said Toyokazu Ishida, who administers the international exhibition for the Japan Automobile Manufacturers Association.

4x4 prices rise sharply

FOUR-WHEEL-DRIVE cars are soaring on the used car market, according to car auction house British Car Auctions (BCA). Off-roader values rose by up to 16% in October as the first signs of winter emerged. With some medium-term weather forecasts highlighting a colder-than-average winter, BCA is predicting that 4x4 prices may keep rising.

More Saab products coming, Muller says

Saab's new Dutch owner, Spyker Cars NV, intends to spin additional models off its new Phoenix platform after it yields a redesigned Saab 9-3. Saab dealers will receive the latest 9-3 in 2012, Spyker founder and Saab Automobile AB Chairman Victor Muller said Thursday at the CAR Management Briefing Seminars in Traverse City, Mich. The dealers, who have been starved for product as former owner General Motors attempted to sell or liquidate the brand, also will obtain a Cadillac-based 9-4X crossover when it goes into production in April 2011 in Mexico.