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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.

Lexus LF-Ch – Official release ahead of Frankfurt

Official pictures of the Lexus LF-Ch premium Hybrid Well, Lexus didn’t really have much choice after their new baby – the Lexus LF-Ch – leaked like a sieve from every outlet at Lexus. First we had a leaked front shot of the LF-CH, followed soon after by a leak of the full set or release pictures. So, pragmatically, Lexus has bitten the bullet and sent us all the details.

Rolls-Royce teases Wraith before Geneva motor show

Rolls-Royce has revealed the first actual photo of the upcoming Wraith coupe, which will debut at the Geneva motor show in March. The first teaser image was just smoke in the shape of the Spirit of Ecstasy hood ornament, but this photo shows the actual shape of the car. Last week we reported that the big coupe will most likely carry a 6.0-liter V12 engine that should create about 600 hp, and that the car will be about 7 inches shorter than the four-door Ghost.