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Saab 1947-2009: GM 'will close Saab'

By Tim Pollard Motor Industry 18 December 2009 20:33 It's a sad day for Saabphiles, as GM announced – one week to the day before Christmas – that it has failed to find a buyer for Saab. It will begin winding down the Saab operation immediately. There had been a glimmer hope for Saab earlier this month, as supercar maker Spyker stepped in as a possible suitor after similarly small sports car specialist Koenigsegg walked away from a potential deal in November 2009.But GM admitted it could not viably sell Saab to Spyker – and no other bidders were forthcoming.

Geely president Li Shufu admits disputes with Volvo managers

Three months after becoming the new owner of the Swedish car brand Volvo, Zhejiang Geely Holding Group Co. President Li Shufu said he disagrees with Volvo's management about its product plans. Speaking last week at a forum hosted by the Chinese Web site of the Financial Times in Shanghai, Li said that Volvo should develop large cars for China.

Chevrolet sprinkles in some ZR1 for the Corvette Z06 Carbon Limited Edition

With the ZR1 grabbing all the headlines of late, it's easy to forget about the other pumped-up performance thoroughbred in the Corvette stable--the Z06. However, that's about to change, because Chevrolet is taking some of the ZR1 goodies and transplanting them over onto the Z06 for the 2011 model year, such as the Brembo carbon-ceramic brakes and magnetic select ride control system. The features will be standard on a new 2011 Corvette Z06 Carbon Limited Edition, which Chevy is using to celebrate the 50th anniversary of the Corvette's first 24 Hours of LeMans race.