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Saab files for bankruptcy: the end of the Swedish saga

Saab has reached the end of the road - for the second time in two years, just before Christmas. Parent company Swedish Automobile today announced that Saab had filed for bankruptcy. Owner and acting CEO Victor Muller had been trying to sell Saab as a going concern and had come close to signing a deal with Chinese car makers Pang Da and Youngman, but the deal was blocked by former owner General Motors which feared its technology - powering the new 9-5, plenty of the 9-3 range and the 9-4X - would fall into opposition hands in China.

GM to buy Tesla? Seems highly unlikely

GM to buy Tesla? Seems highly unlikely Tesla is more like a technology company than a car maker, but it’s managed to turn out a very able car in the Model S; perhaps the only car made so far that really is an alternative to an ICE car. That success has lead a US analyst - Yra Harris of Praxis – to declare that GM has Tesla in its sights as an acquisition target in 2014.

2010 Devon GTX shown at Pebble Beach concours

The 2010 Devon GTX, a 650-hp supercar from California design house Devon Motorworks, was shown Saturday at the Pebble Beach Concours d'Elegance. The speed demon will cost $500,000 and go on sale in the first quarter of next year. Just 36 cars will be produced per year by the company.