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Saab unions threaten bankruptcy action over unpaid wages

Unions at Saab, which is unable to pay wages to its workers, threatened today to start a legal process that could end in bankruptcy for the iconic brand. The IF Metall and Unionen groups said they would send a formal demand for payment on Monday if their members had not received their wages. "Then the company has seven days to react," IF Metall representative Veli-Pekka Saikkala told Reuters.

Maserati GranTurismo convertible price set

Need a reason to think spring? Try this: Deliveries of the four-seat Maserati GranTurismo convertible begin this spring and the car carries a base sticker price of $139,700. The figure includes the base price of the car, $135,800; dealer prep, $300; shipping charges, $1,500, and gas-guzzler tax, $2,100.

Detroit auto show: Ford pumps up the 2011 Mustang GT with 412 hp

To Ford Mustang fans, 5.0 has a special place in their hearts and Ford has delivered a new car for them to love: the 2011 Mustang GT. The 5.0-liter V8 Mustang GT will deliver 412 hp and 390 lb-ft of torque. The engine produces 83 hp per liter yet will return 25 mpg on the highway and 17 mpg in the city, according to Ford marketing boss Jim Farley.