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2013 Lamborghini Gallardo IS the last Gallardo (video)

Lamborghini has finally confirmed the Gallardo is now at the end of its life, with the 2013 Gallardo the ‘Final Gallardo’. But the Lamborghini Gallardo is anything but new as it’s been with us for a decade and, although still selling remarkably well, is well past its sell-by date. So we’d half expected that Paris may have seen the first sight of the Gallardo’s replacement rather than a mildly titivated version of the current car, but that now seems likely to happen at the Geneva Motor Show in 2013 after Lamborghini put up a website this week – The Final Gallardo – leaving us in no doubt the Gallardo’s time is up.

U.S. auto sales continue to plunge in February

February sales for each of the top six U.S. automakers plunged more than 37 percent in February--the worst month since December 1981. "We are in an automotive depression amid 'The Great Recession,' " Standard and Poor's analyst Efraim Levy said in a report.

Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.