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General Motors to shut down Saab

General Motors has announced that it will be closing the Saab brand after the company was unable to strike a deal with Spyker Cars. This follows from last month's withdrawal of would-be suitor Koenigsegg, leaving Spyker the sole contender in the acquisition of the ailing Swedish brand. According to Nick Reilly, GM's European president, the company has decided to cut its losses: "Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time.

Toyota, Honda continue to dominate car sales

The Japan earthquake in March left many U.S. dealers scrambling for cars, yet the Toyota Camry and the Honda Accord continue to top the chart in car sales after six months. Through the first half of this year, the Ford F-series and Chevrolet Silverado pickups hold the No.

Mercedes E 63 AMG S: UK price from £83,740

The E63 AMG S is the extreme version of what is already an extreme car in the E63, with a power boost that takes it from 549bhp to 577bhp – and throws in an extra 60lb/ft of torque for good measure too – and promises real extreme performance. The problem is, getting that power down to the road. In left hand drive markets that’s solved by simply offering the Mercedes 4WD option – 4MATIC – which does a much better job of transferring power to the road than the regular RWD layout.