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GM sees no potential buyers for Saab

General Motors has found no interested buyers for Saab, sources familiar with efforts to sell the Swedish brand say. GM put Saab under "strategic review" as part of the long-term viability plan submitted to Congress last month. In a subsequent interview with Automotive News, GM Vice Chairman Bob Lutz said strategic review is "code for we realize they're not working and something needs to be done." GM has not announced a decision to sell the brand, but has quietly shopped it around, the source said.

Tesla: Model S sales to begin in second quarter of 2012

Tesla Motors plans to begin delivering the Model S electric sedan in the second quarter of 2012 and expects to produce about 20,000 units annually, the company said at the Detroit auto show on Monday. Tesla has booked more than 3,000 reservations for the Model S in North America and Europe. The car's expected base price is $49,000.

Volvo to launch new F1-inspired engine range

Volvo has revealed an all-new super-efficient range of engines called DRIVE-E. When launched later this year, the new motors will become some of the most high-tech engines on sale. Uniquely, the new engine range is based around just two basic four-cylinder designs – one direct-injection petrol engine and one common rail turbodiesel.