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Saab shutdown would doom new 9-5, 9-3 models

The new Saab 9-5 sedan and a proposed replacement for the 9-3 will be killed off if General Motors Co. winds down its Swedish subsidiary, AutoWeek has learned. The new 9-5, a longer-wheelbase version of the Opel Insignia and the Buick Regal, is poised to go down in the annals of automotive history as a major rarity--a design that was fully tooled for production yet never got built.

Crunch watch Jan 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Gareth Evans Motor Industry 30 January 2009 12:39 Friday 30 January 2009• Honda is about to close the Swindon factory for four months when Friday's shifts are finished; the shutdown will affect 2500 of the 3700 staff, who will receive full pay for two months and then 60% pay for the next eight weeks (BBC News)• Porsche has announced a sharp drop in sales and likely profits. It forecasts a 27% drop in 911, Boxster, Cayman and Cayenne sales to around 34,000 units in the six months to the end of January 2009 (Financial Times, subscription required)• Ford wants Washington to do more to stimulate car sales, after posting a record loss of nearly $14.6 billion earlier this week (Detroit News)• Honda's quarterly profit has crashed by 90% – forcing the Japanese car maker to halve its annual profit target (Detroit Free Press)Thursday 29 January 2009• Ford of Europe is a bright spot in the Blue Oval's quarterly results today, making $1.06 billion pre-tax profit in 2008 (up from $997m in 2007). It's the first profit of more than $1bn since 1989 (Automotive News Europe, subscription required)• Volvo suffered a 'disastrous 2008' with a pre-tax loss of $1.46bn.

Coys To Auction Aston Martin Linked To Bond Author Ian Fleming

A 1954 Aston Martin DB 2/4, considered by many to be the inspiration for James Bond’s original Aston Martin in Ian Fleming’s novel Goldfinger, is to be auctioned by international auctioneers Coys this Saturday 12th July at Blenheim Palace. Not only was the DB 2/4 potentially the catalyst for Fleming’s characterisation of the famous fictional spy, but this particular car boasts an equally intriguing history. This Aston Martin, a DB 2/4 Mk I Vantage, was owned by Phillip Ingram Cunliffe-Lister, whose father was Lord Swinton, a close confidant of Winston Churchill, head of MI5 and the Security Executive during WWII, and Ian Fleming’s boss.