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Pierre Authier: I'm not moving to Opel/Vauxhall

As the ongoing General Motors designer saga continues, the latest Opel/Vauxhall Vice President of Design elect, Pierre Authier has taken his name off the shortlist for the Rüsselsheim. Car Design News had received information from a reliable source within PSA about Authier's supposed move, however we have since spoken to Pierre, who was keen to put the record straight: “I read the flattering article on my recruitment as VP of Design for Opel/Vuaxhall, but this information is false,” he told CDN. “I am really enjoying my position at Peugeot and with the 208 family team that has made such incredible work.” The search for the missing piece in the GM puzzle continues.

Fiat, Magna, investment firm are three finalists to buy Opel

Italian automaker Fiat, Canadian parts maker Magna International and Belgian investment firm RHJ International look to be the final three bidders for General Motors' Opel subsidiary. Fiat has confirmed that it put in a bid for Opel. Final bids for Opel were due Wednesday evening.

Saab seeks court protection from creditors

Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.