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GM grants Saab a reprieve, CEO Henderson resigns

By Tim Pollard Motor Industry 02 December 2009 15:51 The board of General Motors has granted Saab a lifeline – by extending the deadline for bids on its stricken Swedish patient to 31 December 2009. GM has been trying to sell Saab for the past year, and the Swedish car maker has been under court bankruptcy protection since February 2009.GM chief executive officer Fritz Henderson also announced he was to stand down. His interim successor is hard-nosed GM chairman Ed Whitacre – meaning that GM Europe and the US mothership have both lost their bosses in a matter of weeks.

Andy Saunders sells 'Art Cars' collection

British 'car artist' Andy Saunders' 'Art Car' collection was sold by RM Auctions in London, UK on October 29, along with a selection of classic cars and a McLaren F1 that sold for £2.5 million - a new world record. Though lacking the quality of many Californian custom cars when seen close up, the Art Cars were fascinating to see, and unlike other custom car creators, Saunders has made almost all of the cars for himself; conceiving and creating the cars without any design process beyond thinking them through and getting his hands dirty in evenings after work.  Each of the cars introduced new themes not evident in their donor designs and, within the context of many salubrious but established classic car designs at the auction, they had a powerful quixotic appeal. So why is he selling them?

Ssangyong XIV-1 concept

Ssangyong is the latest car manufacturer to confirm they will be showcasing a new concept car at the 2011 Frankfurt motor show, the XIV-1. The XIV-1 B-segment concept, previously known as the XUV-1, is a crossover concept that underlines the importance of the car's interaction with its driver and passengers, with the vehicle's name coming from the phrase 'eXciting user Interface Vehicle'. Ssangyong will also be premiering the SUT-1 sports utility vehicle, first shown in concept form at the 2011 Geneva motor show and debuting the petrol-powered Korando crossover.