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Saab appoints North American administrator, prospects darken

Saab has appointed an outside administrator to oversee its business in North America and the potential wind-down or sale of the company if its parent operations can’t emerge from bankruptcy. The move was announced on Wednesday afternoon by Saab North American COO Tim Holbeck as the company’s future remains uncertain. McTevia & Associates, a management and financial-consulting service with offices in suburban Detroit and Florida, is the administrator.

Aston Martin drops Cygnet city car

Autocar is reporting that the diminutive Aston Martin Cygnet has been dropped from the company’s portfolio. The automaker, now owned by Prodrive and private equity firm Invenstindustrial, will focus on its “core product range,” also known as “good cars.” Autocar posits that the justification for the Cygnet was to continue producing V8 and V12 cars, while keeping its average CO2 emissions down. The Cygnet shared bones with the Toyota iQ city car and used a 97-hp, 1.3-liter engine and got 58.9 mpg using the U.S.

Rolls Royce Wraith Drophead Coupe confirmed for production.

The Rolls Royce Wraith (pictured) will get a Drophead sibling in 2016 It was always likely that Rolls Royce would take their ‘affordable’ model – the RR Ghost – and make a coupe version. What wasn’t really on the cards is that they would give it a more dramatic style – and a more driver-focused experience – and tag a name from the past on it to create a new Rolls Royce Wraith for the 21st century. But that’s exactly what they’ve done, and the Wraith does seem to be an effective tool for Rolls Royce to extend the appeal of their cars to a new, perhaps younger, demographic.