Four Seasons 67340 A/c Compressor on 2040-parts.com

U.S. new car sales surge at fastest pace in nearly 7 years

U.S. sales of cars and light trucks surged 9 percent in November 1.24 million units and rolled off dealership lots at the fastest pace in almost seven years. The industry's annualized sales rate, adjusted for seasonal factors, rose to 16.4 million last month, up from 15.3 million a year earlier and easily topping analysts' forecasts in the 15.8 million range.

Mitsubishi subcompact hinted for US

Desperate for new models to bolster their limited lineup, Mitsubishi dealers recently got a glimmer of hope with news that an entry-level sedan may arrive stateside in 2015. The dealers were shown a rendering of the subcompact at the brand's regional dealer meetings held during the first two weeks of April, according to attendees and Mitsubishi Motors North America. The company told dealers it is targeting a 2015 release for the vehicle, attendees said.

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.