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New Saab 9-3 Concept at Geneva

Saab Concept Tease Geneva 2011 It’s been a tumultuous time for Saab, attempting to rise from the ashes of GM’s departure. And, despite initial promise when Victor Muller rode in on his white Spyker, things have not really progressed as Saab would have liked. Sales through 2010 were below expectation and there were some teething problems with the new 9-5.

Decision is near on Maybach

Daimler AG will decide the fate of Maybach by July 1. The two options: Kill the slow-selling superluxury sedan or partner with British carmaker Aston Martin on a second-generation car. At a Daimler event in Stuttgart, Germany, last week, CEO Dieter Zetsche said "there is a higher likelihood to come to a positive decision" for a second-generation Maybach if a partner is involved.

Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.