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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.

Nissan to build $2 billion plant in Mexico

Nissan Motor Co. will build a $2 billion auto assembly plant in Mexico, its third in that country, as it works to outgun rival Honda Motor Co. The plant, in Aguascalientes, Mexico, will have initial capacity to build 175,000 light vehicles annually for the United States, Mexico and Latin America, with plans to expand.

Petrol cars twice as likely to fail MOT on emissions

The latest MOT test data shows that 26.2% of all cars tested fail on excess exhaust emissions – and surprisingly petrol cars fail more than twice as often as diesels in this part of the annual roadworthiness test. According to the official Vehicle Operator and Standard Agency (VOSA) figures, which cover all of 2010 and the first nine months of 2011, 9.7% of petrol cars failed to meet MOT emissions standards compared to just 3.9% of diesels. On Bing: see pictures of the MOT test Find out how much a used car with 12 months MOT costs on Auto Trader The analysis has been carried out by fuel additive “provider” Redex, which naturally has an interest in the findings, since its products are designed to breakdown engine deposits and improve efficiency.