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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.

2013 Fiat 500e: Electric 500 revealed ahead of L.A. debut

The Fiat 500e – the electric version of the 500 – has been revealed ahead of a debut at the Los Angeles Auto Show. On sale in U.S. 2013.

Lincoln MKX concept revealed ahead of Beijing auto show

Lincoln has pulled the covers off its new MKX crossover concept, which is set for a global debut at the upcoming Beijing auto show. Following on the heels of the MKZ sedan and the 2015 MKC crossover, the redesigned MKX will be the third of four vehicles Lincoln says it will introduce by 2016 (the restyled Navigator doesn't count, apparently). Larger than the compact MKC, the MKX concept wears many of its smaller sibling's styling cues -- from the new split Lincoln grille to the lightly sculpted beltline to the upturned full-width taillights.