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General Motors to shut down Saab

General Motors has announced that it will be closing the Saab brand after the company was unable to strike a deal with Spyker Cars. This follows from last month's withdrawal of would-be suitor Koenigsegg, leaving Spyker the sole contender in the acquisition of the ailing Swedish brand. According to Nick Reilly, GM's European president, the company has decided to cut its losses: "Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time.

New Hyundai i30 Tourer starts production

The new Hyundai i30 Tourer (Estate) has gone in to production in the Czech Republic, extending the range of the new i30. The latest Hyundai i30 is proving to be a proper success story for Hyundai, selling almost 60,000 units in the few months it’s actually been moving out of Hyundai showrooms in Europe. And now Hyundai look set to increase i30 sales further with the i30 Tourer (that’s ‘Estate’ in English, even if Hyundai PR did manage to refer to it as the i30 Wagon in the Geneva press release to the extent we thought they might launch it as the Hyundai i30 Wagon) starting its production run at Hyundai’s facility in Nošovice in the Czech Republic.

Ron Dennis steps down from F1 to focus on supercars

Ron Dennis hands over the baton to Martin Whitmarsh. He'll now be focusing on McLaren Automotive's new P11 and other road cars By Tim Pollard Motor Industry 16 January 2009 15:43 McLaren Mercedes team principal Ron Dennis is to step down as boss of the F1 team to concentrate on McLaren's other interests – including McLaren Automotive, which is planning a range of new top-end sports cars. CAR Online has led the world with its scoops on the new McLaren P11, a British alternative to the Ferrari 430 Scuderia.