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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.

NHTSA upgrades probe of 1.2 million Toyota Corollas, Matrixes

Federal regulators have upgraded an investigation of as many as 1.2 million Toyota Corollas for possible engine stalling. Consumers have filed 1,101 complaints about Corollas and Corolla Matrixes for 2005-07 models, the National Highway Traffic Safety Administration said in a filing on its Website. “The engine can stall at any speed without warning and not restart,” NHTSA said in describing the problem.

Land Rover Discovery range to grow with new models

The Land Rover Discovery name is to be used on a new family of vehicles in a similar way to the Range Rover model range, the firm revealed at the Geneva Motor Show 2014. Currently used on the recently updated 2014 Discovery, the name will become a brand in 2015 as Land Rover broadens the range by introducing all-new model lines. GENEVA MOTOR SHOW 2014 LIVE BLOG Group marketing director Phil Popham revealed to MSN that these cars will be focused on versatility and practicality.