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GM completes sale of Saab to Spyker

General Motors today completed the sale of its Swedish Saab brand to Dutch luxury sports car maker Spyker Cars NV, marking the first successful sale of one of its four unwanted U.S. brands. The transaction combines Saab Automobile and its 3,400 employees with Spyker Cars and its 110-plus workers.

Volkswagen Beetle

The 2012 Beetle has been unveiled ahead of its Shanghai Motor Show reveal. The new 'New Beetle' is said to draw on design cues from the original Beetle launched 73 years ago. Retaining a similar silhouette to the 2003 New Beetle, the 2012 model gains a stronger influence from the 2005 Detroit show 'Ragster' concept.

UPDATED: Honda hints at new European advanced design studio

On the eve of the 2011 Tokyo Motor Show, Honda Design's Creative Director, Toshinobu Minami, announced that the company is looking to once again open a design facility in Europe. The announcement came during a presentation at the R&D Center in Waco, just outside the Japanese capital and, while not confirmed, Minami-san strongly hinted that the UK would be a likely candidate to play host to Honda's revitalized European design operations. He cited the country's existing manufacturing and administration facilities, as well as a wealth of new talent from the Royal College of Art in particular.