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Spyker signs deal with China's Hawtai Motor to raise funds for Saab
Tue, 03 May 2011Saab 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.
Hood-ornament quiz--the answers
Thu, 15 Apr 2010Were you able to separate the Cadillac from the Packard in our hood-ornaments challenge in the April 5 issue of AutoWeek? We wanted to know whether you could identify eight classic cars solely by their hood ornaments. Here's the place to confirm your car-knowledge prowess, or to recalibrate your hood-ornament history.
BMW's new 5-series next for hybrid power
Wed, 28 Oct 2009The new BMW 5-series being launched this winter is likely to be the next BMW to receive the ActiveHybrid system pioneered on the petrol-electric 7-series and X6 models. BMW engineers admit they can't rely on sales of the pricey hybrid 7-series and X6 to justify the development costs, even though these range-topping halo hybrids were jointly developed with Daimler and GM. Senior sources have indicated that the new 2010 5-series will be the next BMW to get an ActiveHybrid model.