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CAR scoop: GM's $13 billion gamble (2013)

By Ben Whitworth Motor Industry 30 September 2013 09:45 GM Europe has racked up enormous losses every year since 1999; in 2012 it bled $1.8 billion while GM North America earned $6.9 billion before tax. Yet the Detroit mothership continues to pump billions into its European division, like a deluded gambler convinced his luck will change. Max Warburton, automotive analyst at Wall Street researcher, Sanford C.

Kia Sorento (2015): the first glimpse of third-gen SUV

By Tim Pollard First Official Pictures 29 July 2014 09:52 This is the new, third-generation Kia Sorento coming in 2015 – and it’s set to get a dose of the style bestowed upon its Sportage little sister. Only this pair of shadowy teaser photographs has been issued ahead of the new Sorento’s debut in Korea at the end of August. But this is a global car and will be shown at the 2014 Paris motor show too in October, ahead of UK sales in spring 2015.

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.