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Spyker makes a new offer for Saab; General Motors will evaluate

Spyker Cars said Sunday it had submitted a new offer for the Saab brand. Spyker CEO Victor Muller said an 11-point proposal had been handed to General Motors addressing each of the issues that arose during due diligence after the Dutch company originally bid for Saab. Muller said the new offer would remove the obstacles that were standing in the way of a swift sale of Saab to Spyker.

Adaptive steering for big Fords arrives on new Edge

By Tim Pollard Motoring Issues 30 May 2014 17:43 Ford today announced all its future large cars will have adaptive steering as standard - letting reps flick their wrists on the way in to the Welcome Break on the M4, yet tip their fingers when changing lanes on the London orbital. It's a further sign that what was once the high-tech preserve of the German brands is now firmly in the mainstream. BMW was one of the brands which pioneered variable-ratio power steering; in essence, it changes the ratio between the driver's inputs at the wheel and the rate at which turns are made at the rack.

Bondholders snub GM, bankruptcy filing likely

Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.