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GM may extend Saab deadline, report says

General Motors is prepared to wait beyond the end of this week before deciding on the future of Saab as it reviews remaining bids, Bloomberg News reported. The news agency quoted Saab board member Paul Aakerlund as saying that if there is a bid that GM finds sufficiently interesting, then GM's Dec. 31 decision to wind down its Swedish unit "is not a date that's holy.” Aakerlund said GM told Saab last week that it would wind down Saab and simultaneously continue talks with bidders about a sale, said Aakerlund, who also heads the IF Metall union at Saab.

Saab: Muller used Antonov money to purchase Saab

Vladimir Antonov provided the finance for Victor Muller to buy Saab Victor Muller has told Swedish TV that the money he used to buy Saab was funded by alleged fraudster Vladimir Antonov. In a revelation that will surprise no one, Saab ‘owner’ Victor Muller has revealed that the $74 million paid to GM when Spyker (as they then were) bought Saab was supplied to one of Victor Muller’s companies by Snoras Bank refugee Vladimir Antonov. Muller revealed this little nugget of information in an interview due to be televised in Sweden tomorrow, and also revealed he still owed the money (well, the company he owns still owes the money).

Honda Insight hybrid gets a new look inside and out for 2012

The 2012 Honda Insight hybrid bowed on Monday with refreshed exterior styling, more standard features and improved fuel economy--with a base price of less than $20,000. Honda says it was aiming for a more high-tech look this time around. On the outside, a reworked grille design is flanked by restyled front and rear bumpers.