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Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.

Kia KV7 concept

Kia is clearly keen to grab the last of 2010's headlines by releasing this teaser render of its upcoming concept, the KV7, due to be unveiled at the Detroit auto show. The large crossover appears to preview a replacement for the Korean manufacturer's Borrego. While the exterior's clamshell tailgate, muscular wheelarches and Ford Explorer-aping lamp graphics (from this view, at least) may be directly relative to a production model, it's unlikely that the rear gullwing door openings will make the transition.

Maserati Wins Style Shoot-Out At 2014 Goodwood Festival Of Speed

MULTIPLE world rally winner Sebastien Loeb wasn’t the one to leave Goodwood’s Festival of Speed smiling. And while he might have been the fastest up the hill, he wasn’t judged ‘best in show’. That title went to a particular Maserati A6 CGS Berlinetta, which was entered in the Festival’s traditional ‘style-et-luxe’ concours d’elegance event.