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How VW's XL1 will make your next Golf lighter, faster and more frugal

VW will only build 250 examples of the XL1, its super-streamlined two-seater than scores a combined 314mpg thanks to its plug-in hybrid diesel engine, lightweight construction and low-drag design. Each punter will have to put up around €100,000 for the privilege of saving money on fuel – but don’t worry, because every car across the VW Group will benefit from the lessons learned, all by 2020. Is my next VW likely to be a hybrid?

Spyker CFO is set to step down in July as Saab raises more cash

As Saab Automobile struggles to get back on its feet, Spyker Cars NV announced Wednesday that its chief financial officer plans to resign. Hans Go will step down as statutory director of Spyker effective July 1, Spyker said in a statement today. Saab production restarted last Friday after it received financial assistance from its new China partner, Pang Da.

Chrysler to build an electric version of the Fiat 500 for the U.S. market

Chrysler will build an electric version of the Fiat 500 minicar for sale in the United States, starting in 2012, the automaker said on Monday. A prototype of the Fiat 500EV was shown at the Detroit auto show. The concept uses an electric motor, an advanced lithium-ion battery pack and an electric vehicle-control unit.