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Swedish Automobile (SWAN.AS), owner of cash-strapped car maker Saab, said it would sell its Spyker luxury sports car business to the private equity firm of racing car enthusiast Alex Mascioli for about 32 million euros ($44 million).

Swedish Automobile has struggled for months to stave off bankruptcy, seeking new investors and selling off various assets so that it could pay suppliers and employees and resume production at its Saab plant in Sweden.

Last week, Saab  …  More

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Are you looking for a used vehicle to cruise the streets in a sunny weekend day? You just found one! Named the De Dion Trycicle, the vehicle is actually the oldest running car and it isn’t exactly cheap. In fact you can call the iconic McLaren F1 cheap compared to this one.

Over 1.6 million British pounds will have to pay its new owner before he or she will be able to take it home and speeding won’t be a worry in this vehicle because it can do only   …  Pictures and more

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Two years ago, the U.S. Treasury helped to broker an arranged marriage between the Daimler-jilted Chrysler and an unlikely Italian suitor in the form of the Fiat Group of companies. Even before consummation it was clear that we would see all manner of cross-brand rebadging amongst the Chrysler, Dodge, Jeep, Fiat, Abarth, Lancia, Alfa Romeo, Maserati and Ferrari branches of the new extended family, and so it has come to pass. It’s been known for some time that Fiat’s highly-successful commercial range will be sold in the United States under the Dodge brand and now comes the news that Maserati will announce an SUV at the Frankfurt Motor Show that is based on the Jeep Grand Cherokee.

The spilling of the beans on the new Jeep-Maserati offspring   …  Picture and more

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