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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.

Jaguar Land Rover’s Saudi Arabia plans move closer

Jaguar Land Rover has signed a letter of intent with the government of Saudi Arabia to build and operate a production facility in the Kingdom. When we reported in September that Jaguar Land Rover were contemplating building a production plant next to a new  aluminium smelting plant in Saudi Arabia, we thought it was a way off. But it’s not as far away as we thought.

Lincoln crossover concept video hits the web

Lincoln has released a video that previews a concept vehicle that could be the next MKX crossover. The short spot gives a glimpse of a large four-door luxury crossover with long rear doors and a relatively short cargo section in the back. The video gives little clue as to the concept's true dimensions, though it appears likely that this concept is previewing a second-generation MKX, to replace the model which has been on sale since 2006.