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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.

Rolls-Royce teases new car for Geneva

Rolls-Royce is headed to the Geneva motor show with something new. From the teaser photo the company sent, we think that it will probably be the next Ghost sedan. It’s been nearly five years since the last Ghost launched in September of 2009.

Nissan aiming to build radically different 2015 Le Mans prototype

By Ben Pulman 12 December 2013 12:00 Nissan is targeting an entry into the 2015 Le Mans 24hrs with a race car that will be radically different to the LMP1 prototypes fielded by Porsche, Audi and Toyota. Nissan will compete at Le Mans in 2014 with the radical ZEOD RC, filling the ‘experimental competitor’ pit garage last used in 2012 by the Nissan-powered DeltaWing, but it wants to use that experience to build a challenger for the premier LMP1 category in 2015, one that stands out from the rest of the field. ‘We have an active programme now,’ Nissan chief planning officer Andy Palmer (pictured, right) told CAR.