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Saab announces new China joint-venture

Following on from last week's collapsed Hawtai Motor Group deal, Saab owners Spyker Cars have announced a fresh collaboration agreement today with Pang Da Automobile Trade Co, a Chinese vehicle distributor. Saab and Panda Automobile Company? Sounds Mickey Mouse to me!

Fiat set to grab 51 per cent of Chrysler

Sergio Marchionne wants majority at Chrysler What a difference a couple of years makes. On May Day in 2009 we reported that Chrysler had been put in to Chapter 11 Bankruptcy and the US Government was stepping in to ease the pain with $7.5 billion (admittedly at somewhat less than mates-rates) and that the management were ‘leaving the building’. Step forward Fiat to take up a 20% stake in Chrysler and Fiat boss, Sergio Marchionne, who planned to lead Chrysler away from the dark side and in to the light, with the promise of smaller and more efficient platforms and engines.

Brabus boosts Mercedes-Benz's V8s

German tuner Brabus has introduced some new performance packages for the already quick Mercedes-Benz S- and CL-class cars. They push your standard model into AMG territory and AMG models into the stratosphere. For the S500 and the CL500, Brabus offers the B50-490 PowerXtra CGI performance kits.