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GM grants Saab a reprieve, CEO Henderson resigns

By Tim Pollard Motor Industry 02 December 2009 15:51 The board of General Motors has granted Saab a lifeline – by extending the deadline for bids on its stricken Swedish patient to 31 December 2009. GM has been trying to sell Saab for the past year, and the Swedish car maker has been under court bankruptcy protection since February 2009.GM chief executive officer Fritz Henderson also announced he was to stand down. His interim successor is hard-nosed GM chairman Ed Whitacre – meaning that GM Europe and the US mothership have both lost their bosses in a matter of weeks.

Saab gets a ray of hope from China

Victor Muller sees a glimpse of sunshine from China The saga that is the long and painful demise of Saab seemed to reach its nadir last week when courts in Sweden refused to offer the beleaguered car maker sanctuary in its protection. We thought that would be the end for Saab – despite a never-say-die appeal of the decision by Victor Muller, due to be heard tomorrow – with nowhere left to hide from trade supplier debts of €150 million, and the wrath of Sweden’s unions ready to file for Saab’s bankruptcy over unpaid wages for Saab employees. The nadir for Saab should reasonably be followed by its rapid consignment to the annuls of motoring history, but a tiny glimmer of hope has risen from Saab’s putative investors in China.

New Mercedes S 63 AMG costs from £119,565

New Mercedes S 63 AMG (pictured) costs from £119,565 The arrival of the new Mercedes S-Class in May saw MB move their range topper on properly for the first time in almost a decade, but with UK prices staring from £62,650 for the S 350 BlueTEC it wasn’t going to be on most people’s shopping list. And if you can’t afford Mercedes’ entry-level S-Class there’s no hope of affording the new S63 AMG, which Mercedes has revealed will cost an eye-watering £120k when it arrives in the UK in November. To be entirely fair, the new S63 is an awesome car with immense performance (which would be even more impressive if Mercedes endowed it with 4WD, as they do in other markets) with its 5.5 litre bi-turbo V8 developing 577bhp and getting the S63 to 62mph in 4.4 seconds.