Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.

Watch the Porsche 911 GT3 rear-steering system work

A handful of manufacturers have offered four-wheel steering in the past including Honda, Nissan, BMW, Mitsubishi, Mazda and, most recently, Acura and Porsche. On Monday, suspension expert Elephant Racing uploaded a video to its YouTube channel demonstrating the feature on the 2014 Porsche 911 GT3. In most four-wheel steering cars--Acura and Porsche included—a computer controls the movable rear wheels.

2013 Hyundai ix35 Facelift revealed

We have the first picture of the facelift for the 2013 Hyundai ix35 – which will debut at the Geneva Motor Show. Although it’s a small facelift. We’ve been expecting a facelift for the Hyundai ix35 to appear before Geneva, especially after we spotted an ix35 FCEV floating around in Korea last year with a new, more convincing nose.