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GM's Henderson says no decision yet on bankruptcy

General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary. "We have until June 1, and if we can't do it between now and June 1 then we do it in bankruptcy," Henderson said during a morning teleconference with journalists. Still in his first month at the helm after the March 30 departure of CEO Rick Wagoner, Henderson said he wasn't sure who would make the decision.

Saab’s Jan Åke Jonsson retires, 2010 earnings & deals in Russia & China

Saab's CEO Jan Ake Jonsson to retire after almost 40 years with Saab It’s been a difficult period at Saab, what with trying to survive as GM came close to closing the Swedish car maker down in the absence of a ‘suitable’ buyer, through being taken over by Spyker and then trying to replace their entire range. And it’s taken its toll on Saab boss Jan Åke Jonsson. It’s been announced that – after nearly 40 years with Saab – 59-year old Jan Åke will step down from his job in May and hand the reins over – temporarily – to Spyker’s Victor Muller until a replacement can be found.

Nissan recalls Pathfinder, Infiniti QX4 for rusted steering column

Nissan is recalling at least 195,000 Pathfinder and Infiniti QX4 SUVs sold in 20 cold-weather states and the District of Columbia to inspect steering columns for rust and corrosion. Nissan is concerned that road salt used in these cold-weather states could cause the steering columns to rust through and possibly break off. In January, the National Highway Traffic Safety Administration started investigating 35 reports of corrosion-related failure of the driver's-side front strut tower.