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Saab parent company to sell Spyker luxury brand to U.S. firm

Saab parent company Swedish Automobile plans to sell its Spyker luxury-sports-car brand to U.S. private-equity firm North Street Capital for about $44 million. Spyker has been careful to point out to European news sources that the agreement has not been made final.

McLaren P1 explained by Anthony Sheriff (video): Paris 2012

McLaren Managing Director, Anthony Sheriff, explains exactly what the new McLaren P1 Supercar will offer its customers. But the concept P1 does show exactly where McLaren are heading with the spiritual successor to the McLaren F1 road car of the 1990s, and it does look 95 per cent like the production car. We covered what detail we have on the new P1 extensively yesterday when McLaren officially unveiled the P1 in Paris – from its construction to its downforce and active aero – but it’s interesting to get a McLaren view on their new baby, which we have from McLaren’s MD Anthony Sheriff.

UK car sales reach six-year high

Ford New car sales have reached their highest level since 2007, says the Society for Motor Manufacturers and Traders (SMMT). Figures for 2013 show an increase in registrations of 10.8% compared with the previous year, to 2,264,737 - most of which was driven by growth in the private car market. Ford dominated the best-seller list, with the Fiesta and Focus winning 200,000 sales between them The UK market’s performance easily outstripped that of the European Union as a whole, with an increase of 9.9% for the 11 months to November compared with a drop of 2.7% for the EU region.