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General Motors to shut down Saab

General Motors has announced that it will be closing the Saab brand after the company was unable to strike a deal with Spyker Cars. This follows from last month's withdrawal of would-be suitor Koenigsegg, leaving Spyker the sole contender in the acquisition of the ailing Swedish brand. According to Nick Reilly, GM's European president, the company has decided to cut its losses: "Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time.

RM adds 1957 Ferrari 625 TRC Spider to Monaco sale +video

1957 Ferrari 625 TRC Spider RM Auctions has added a rare 1957 Ferrari 625 TRC Spider to its list of desirable Ferraris offered at May’s Monaco auction. RM Auction’s Monaco sale takes place the same weekend as the Monaco Grand Prix in May, and we’re starting to wonder which will be the biggest attraction after RM revealed a new addition to their list of ultra rare and desirable Ferraris up for auction at their event. The 1957 Ferrari 625 TRC Spider – chassis #0680 MDTR – is the rarest of all TRs made and is one of just two factory-built TRCs.

New Jaguar XJ to show in July

The new Jaguar XJ Saloon - Will appear in July It is absolutely true that Jaguar has done a remarkable job of bringing the XJ up to date both under the skin and in the cabin. But it’s now perceived, quite rightly, as a bit of a luxury dinosaur. Where once it was the default choice for British businessmen to fly the flag, the allure of more contemporary contenders like the Mercedes S Class, the Audi A8 and the BMW 7 series have eclipsed its allure.