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Crunch watch Dec 09: the auto industry in crisis

Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 30 December 2009• Saab's PR chief told AN that GM is extending the deadline for a sale to 7 January – and the Trollhattan factory will resume limited manufacturing in early January to build the new 9-5 and some 9-3 cabrios (Automotive News, subscription required)• Last night Bloomberg reported a Saab board member claiming that the 31 December deadline for a Saab sale or closure 'is not holy'. If GM receives a bid that is 'sufficiently interesting', it'll extend the deadline, said the Saab suit (Automotive News, subscription required)• GM is offering massive discounts on Pontiac and Saturn cars, as it seeks to get rid of the remaining stock from these terminated brands.

Ford Mustang 50th celebration gets two venues

Ford is planning for a big turnout next year, April 16-20, for the Mustang's 50th birthday party. So big, in fact, that it secured two venues on opposite sides of the country: Charlotte and Las Vegas Motor Speedway. Those venues will provide 282,000 seats for fans of the pony car, as well as a boatload of space in the infield and nearby.

Watch the Audi Sport Quattro tear up the back roads

Audi revealed its 700-hp Sport Quattro concept at the Frankfurt motor show in September; the car pays homage to the classic rallying Sport Quattro from the 1980s. On Monday, the automaker uploaded a video of the upcoming vehicle to celebrate 100,000 Facebook likes on its German social-networking page. The video shows the Quattro whipping and gripping through a forest/mountain stage.