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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.

Revealed: Peugeot 308 SW estate (2014)

Deliveries of the new Peugeot 308 hatchback have now started, and the French manufacturer has revealed that a 308 SW estate is coming soon. We’ll first see it in the flesh at the 2014 Geneva Motor Show in March, but for now we’ll make do with these pictures. Please click the image above to read more about the 2014 Peugeot 308 SW

Supercar owners hire runway to find top speed

“What’s the point of owning a supercar,” some might say. “You’ll never be able to reach its full performance potential on the road.” And while that’s true, there is an alternative to risking your driving licence if you buy a car like the new McLaren 650S or Lamborghini Huracan. Essentially, someone hires a private runway, and invites a load of supercar owners to drive as fast as they can before running out of tarmac.