Latest news on Fiat's plan to gobble up GM-Europe

By Tim Pollard Motor Industry 15 May 2009 10:18 With just over a fortnight until General Motors’ fate is sealed, moves to rescue GM’s European car making division are accelerating. Fiat – already named as the Obama-blessed partner for bankrupt Chrysler in the US – is now wooing Opel, Vauxhall and Saab in Europe. If successful, Fiat would overnight become the second biggest car making business in the world.

Bankruptcy looms for cash-starved Saab

The future is growing dim for Saab. Reports from Europe say the Swedish courts might soon declare Saab bankrupt--possibly as soon as Wednesday--because the company is out of cash. Saab recently won court protection from its creditors while it waited for funds.

EVs rev up for Act 2

After years of preproduction buzz, the Chevrolet Volt and Nissan Leaf are generating interest among the people who count most: buyers. Most owners are charging their cars at home without any issues. They brag about cruising past the gas station.