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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.

Whiplash claim legal costs rising

GOVERNMENT attempts to reduce legal costs from whiplash injury claims seem to be failing. The average legal costs for small, whiplash-like third party injury (TPI) claims now stand at £2,500 per claimant, according to a report by the Institute and Faculty of Actuaries. The institute said this was a 15% increase since 2010 "when the Ministry of Justice introduced new measures which sought, in part, to contain legal costs".

Build your own Tesla Model S

Tesla has launched a Web-based Design Studio along with option and pricing information for the upcoming Model S sedan. The exterior configurator allows users to select their paint, wheels and roof style. Interior, packages and options are currently unavailable in the Design Studio (an estimated time of arrival is given as “this winter”) but can be explored on the Options and Pricing page.