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Fisker lays off majority of staff

This story originally appeared on Automotive News Fisker Automotive, the plug-in hybrid sports-car maker that has been grappling with financial troubles, laid off about 160 of its more than 200 employees Friday morning. A Fisker source who was among the employees affected said the layoff took place at about 8 a.m. Pacific.

Volkswagen Taigun concept (2014): VW’s new baby SUV

It seems the tailgate-mounted spare wheel could be making a comeback – first Ford launches the EcoSport, now VW has followed suit with this updated Taigun concept. Both cars are small crossover SUVs, aimed at emerging markets, particularly Brazil and India. With the EcoSport appearing in UK dealerships this May, however, we don’t think it will be too long before a production version of the Taigun offers VW’s take on the idea to European buyers as well.

Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘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.