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Former Ford exec McNamara dies

Robert S. McNamara, a former Ford Motor Co. president who later served as defense secretary during the Vietnam War, died in his sleep Monday at his home.

GM may extend Saab deadline, report says

General Motors is prepared to wait beyond the end of this week before deciding on the future of Saab as it reviews remaining bids, Bloomberg News reported. The news agency quoted Saab board member Paul Aakerlund as saying that if there is a bid that GM finds sufficiently interesting, then GM's Dec. 31 decision to wind down its Swedish unit "is not a date that's holy.” Aakerlund said GM told Saab last week that it would wind down Saab and simultaneously continue talks with bidders about a sale, said Aakerlund, who also heads the IF Metall union at Saab.

Ford preparing fastest ever four-door—in Australia

Ford's struggling Australian outpost is set to unleash its fastest-accelerating car yet in the form of a limited- edition version of the four-door Falcon GT Boss 335 sedan running various chassis-based performance enhancements, according to Australian media reports. Known internally at the company's Ford Performance Vehicles division under the code name Panther, the Blue Oval's supersedan is set to run the same supercharged 5.0-liter V8 as the standard Falcon GT Boss 335—itself a locally developed version of the Mustang's 90-degree Coyote unit with unique cylinder heads and renamed Miami. It delivers 449 hp at 5,750 rpm and 420 lb-ft of torque at 2,200 rpm.