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Saab bidding closed, buyer announced soon

We should know the buyer of Saab soon The Swedish press have been told that the bidding on Saab has now closed and that the successful buyer will be announced shortly. It’s amazing how much interest – and speculation - there is around the demised Saab; so much so we’ve probably reported as much on Saab after its demise as we did when it was in the throes of turmoil. Saab’s administrator, Hans Bergqvist, has revealed that the bidding process is now closed and that he will be talking to Saab stakeholders to discuss the bids and confirm which of the number of bidders is successful.

Volvo designer Peter Horbury moves to China's Geely Group

Volvo Car Corp. styling chief Peter Horbury is moving to the Swedish automaker's sister brand, Geely Group, as senior vice president design. A decision on who will succeed Horbury as Volvo head of design has not been made.

BMW M5 celebrates 30th birthday, promises a surprise

The BMW M5 has been with us for 30 years. That's right: The E28 premiered in the fall of 1984 as a 1985 model after its debut at the Amsterdam Motor Show. Even though its performance figures have aged somewhat (in the best way possible), it's important to remember that it was the fastest production sedan in the world when it premiered.