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Crunch watch Dec 09: the auto industry in crisis

Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 30 December 2009• Saab's PR chief told AN that GM is extending the deadline for a sale to 7 January – and the Trollhattan factory will resume limited manufacturing in early January to build the new 9-5 and some 9-3 cabrios (Automotive News, subscription required)• Last night Bloomberg reported a Saab board member claiming that the 31 December deadline for a Saab sale or closure 'is not holy'. If GM receives a bid that is 'sufficiently interesting', it'll extend the deadline, said the Saab suit (Automotive News, subscription required)• GM is offering massive discounts on Pontiac and Saturn cars, as it seeks to get rid of the remaining stock from these terminated brands.

Ford bets customers will pay premium prices for the Fiesta

Ford Motor Co. will charge more than $23,000 for a fully loaded Fiesta, a new car smaller than the Focus. Ford thinks consumers are ready to pay premium prices for small cars, which long have been dominated by budget shoppers.

Bugatti Veyron Grand Sport Vitesse: New pictures and specs

Bugatti Veyron Grand Sport Vitesse With the Bugatti Veyron Grand Sport Vitesse now officially launched at the Geneva Motor Show, Bugatti has released new pictures and specs for the Vitesse. A ‘new’ Bugatti Veyron is a ridiculously common event for a car that is made in very small numbers. But almost all the new Veyrons we see are actually just cosmetic jobs on the regular Veyron, rather than a new variant.