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General Motors to shut down Saab
Fri, 18 Dec 2009General 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.
Spied: Mercedes-Benz SLC AMG? UPDATED
Thu, 20 Jun 2013LATEST UPDATE Mercedes-Benz’s AMG performance car off-shoot has kicked off public road tests of its eagerly awaited new sportscar, which is planned to go on sale in North America in early 2015. Smaller and more affordable than the existing SLS AMG, which the new two door liftback will indirectly replace in the German car maker’s line-up, the new car is planned to compete directly with the Porsche 911, both on price and performance. The coupe model, caught here exiting AMG’s engineering headquarters on the outskirts of Stuttgart in Germany yesterday in the first round of durability testing, will proceed a convertible version of the front-engined, rear-wheel drive sportscar due out in 2016, with an expected price tag of around $100,000 in the US.
Mazda Kiyora concept
Thu, 04 Sep 2008Mazda has released these images of the Kiyora compact urban concept car the automaker will reveal at the 2008 Paris Motor Show. Based on an all-new platform designed to maximize weight reduction, the Kiyora is claimed to represent the harmony between driving pleasure and environmental and safety features. Meaning 'clean and pure' in Japanese, the concept of 'Kiyora' helped the designers to imagine a city car cutting cleanly through an urban landscape, with water as the design theme.