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Read the GM press release annoucing the sale of Saab to Spyker Cars

PRESS RELEASE: GM Reaches Agreement to Sell Saab to Spyker DETROIT -- General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances. “General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.

Honda Small Hybrid Sports Concept sketch

By James Mullan First Official Pictures 05 February 2007 09:34 Honda will show its first dedicated hybrid car since the Insight at the Geneva Motor Show in March. Only the sketchiest details have been released about the Small Hybrid Sports Concept, but we know it will definitely make the transformation from concept to production reality to slot above the Civic Hybrid in Honda’s range. Unlike the Insight and Civic hybrids, the Small Hybrid Sports Concept was designed in Europe, at Honda’s Offenbach European R&D headquarters.

Toyota is adding another hybrid sedan--the Sai--for the Japanese market

The Toyota brand is getting another hybrid sedan in the Japanese market, a sister model to the Lexus HS 250h that will sport a more powerful engine than the Prius hatchback. The car, to be named the Toyota Sai, will go on sale in Japan on Oct. 20, Toyota Motor Corp.