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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.

Audi Q3 coming in 2011

Audi will build the new Audi Q3 at a SEAT plant in Spain starting in 2011 Despite the late arrival on the scene of the Audi Q7, the 4×4 behemoth from Audi has certainly made its mark. Followed recently by the Q5, it has carved a niche for Audi that is standing up remarkably well in the current climate. But Audi are intent on capitalising on their 4×4 success story, and have today revealed that the next instalment – The Audi Q3 - will start production in 2011 at a SEAT plant in Martorell in Spain.

Tesla unveils Model S electric saloon (2009)

By Ben Oliver First Official Pictures 27 March 2009 09:00 Tesla last night launched the Model S, a seven-seat electric hatchback capable of 60mph in 5.5 seconds, with a range of up to 300 miles and a charging time as low as 45 minutes. When it goes into production in 2011 the Tesla Model S will cost US buyers around $50,000 (£34,600) after a federal tax credit. Without a tax break, European buyers can expect to pay closer to £50,000.