Spyker gears up Saab production
Spyker, the new owner of Saab, recently announced it has been producing Saab cars at the rate of 1,000 per week since resuming production in March. The luxury carmaker says it intends to begin selling the new Saab 9-5 mid-luxury model (shown above) this month. The completely redesigned sedan is said to be the most technically advanced car Saab has produced.
GM moves to boost engine fuel efficiency
General Motors will invest $890 million at five factories to make its V-8 engines more fuel efficient, helping the company meet government fuel economy standards that become fully effective in 2016. Spokesman Tom Wilkinson says the investments will boost the fuel efficiency of its pickup trucks, SUVs and high-performance cars. The new engines will have aluminum blocks, which are up to 100 pounds lighter than the current cast-iron ones on some GM V-8s, as well as more efficient technology that injects fuel directly into the combustion chambers. The investment preserves or creates roughly 1,600 jobs.