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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.

Concept Car of the Week: Alfa Romeo Disco Volante (1952)

In 1951, straight after winning the F1 championship, Alfa Romeo surprisingly retired from racing. The tough post-war financial situation led the Italian brand to focus its investments towards more profitable projects such as the 1900 Berlina. The competition department stayed open on the condition of delivering a brand-boosting racecar for participation in the 1952 Le Mans and Mille Miglia races.

Carlsson upgrades the Mercedes-Benz CLS63 AMG for the Geneva motor show

If supercars had a spiritual home all to themselves, it probably would be the Geneva motor show. This year we'll see the new Ferrari F12 Berlinetta, the Lamborghini Aventador Roadster and the Aston Martin V12 Zagato. But it's not only the home of production supercars; the tuning companies come out to show their wares as well.