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GM to shut down Saab

General Motors will shut down Saab after the automaker wasn't able to conclude a deal to sell the brand to Spyker Cars, GM said on Friday. “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," GM Europe president Nick Reilly said in a statement. "In order to maintain operations, Saab needed a quick resolution.

Nissan unveils new generation 'black cab'

NISSAN has unveiled its new ‘black cab’, adapted specifically for London and designed to win business from cabbies looking for a more reliable, more functional and less polluting vehicle. This year, emissions legislation will force many older taxis off the road, and noting the financial struggles of Manganese Bronze, the makers of the traditional black cab, Nissan has seen the opportunity to muscle in on the market. The famous London taxi design has come in for much criticism from cabbies for its unrefined drive, patchy reliability and questionable cabin ergonomics.

Chinese-made Coda electric sedan looks to plug in to U.S. market

There's some competition for the Tesla Model S. Santa Monica, Calif.-based Coda Automotive unveiled its first electric car on Wednesday, and it's no golf cart. The Chinese-made, four-door, five-seat sedan has everything from Bluetooth and navigation to an iPod dock and a finished interior.