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Spyker, Youngman agree on joint venture

Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.

Bush leaves CAFE decision for Obama

The Bush administration has decided to punt its promised decision on new fuel economy standards to the Obama administration. In a statement this morning, the U.S. Department of Transportation said it will not issue final rules for fuel economy standards for the 2011-15 model years as planned.

2013 Land Rover Defender gets a bit more appealing

Land Rover has updated the Defender for 2013 with new colours, new premium seat design and upgraded in-car entertainment. The updates for the 2013 Land Rover defender may not be quite as radical, but in a car world that now expects a little more in the way of home comforts – even if you’re fording a stream or climbing a mountain – the new options are welcome. Land Rover has decided to offer a new range of contrast roof colours for the Defender, with the normal white option being extended to include Santorini Black, Indus Silver, Orkney Grey or Firenze Red and available on almost the whole of the Defender’s paint jobs.