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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.

Ford preparing fastest ever four-door—in Australia

Ford's struggling Australian outpost is set to unleash its fastest-accelerating car yet in the form of a limited- edition version of the four-door Falcon GT Boss 335 sedan running various chassis-based performance enhancements, according to Australian media reports. Known internally at the company's Ford Performance Vehicles division under the code name Panther, the Blue Oval's supersedan is set to run the same supercharged 5.0-liter V8 as the standard Falcon GT Boss 335—itself a locally developed version of the Mustang's 90-degree Coyote unit with unique cylinder heads and renamed Miami. It delivers 449 hp at 5,750 rpm and 420 lb-ft of torque at 2,200 rpm.

Lincoln Town Car lives on--as the MKT

Lincoln is not forsaking the world of limos. That means if you're planning a wedding, bachelor party or even a birthday bash that requires a chauffeur, the MKT is in your future. Lincoln is winding down production of the venerable Town Car this year, and as expected, an MKT will replace it.