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GM grants Saab a reprieve, CEO Henderson resigns

By Tim Pollard Motor Industry 02 December 2009 15:51 The board of General Motors has granted Saab a lifeline – by extending the deadline for bids on its stricken Swedish patient to 31 December 2009. GM has been trying to sell Saab for the past year, and the Swedish car maker has been under court bankruptcy protection since February 2009.GM chief executive officer Fritz Henderson also announced he was to stand down. His interim successor is hard-nosed GM chairman Ed Whitacre – meaning that GM Europe and the US mothership have both lost their bosses in a matter of weeks.

New 2014 Kia Soul arrives in European spec. Frankfurt 2013 debut

The New 2014 Kia Soul (pictured) arrives in European spec The Kia Soul is almost the personification of a car designed for a purpose, looking more like a van for passengers than a family car. And that isn’t going to change much with the 2014 Kia Soul, but this time the Soul gets based on the latest Cee’d and grows in size, so it should be a more appealing drive. With more modern car underpinnings, the new Soul should ride better and be more dynamic, with better suspension and a stiffer body shell making the Soul a very practical family car, but one which at least offers a little joy in the drive.

GM cancels Opel Vauxhall sale to Magna

By Tim Pollard Motor Industry 03 November 2009 22:59 General Motors tonight surprised the world by pulling its proposed sale of its European division – Opel and Vauxhall – to Magna. In a dramatic U-turn, Detroit said 'an improving business environment for GM over the past few months' had made it reappraise its spin-off plans.The 11th hour switch means that GM will still retain full ownership of Opel and Vauxhall, which will now 'be restructured in earnest'. Canadian parts giant Magna had won the race to buy a controlling stake in GM Europe, as a newly relaunched Detroit sought to shore up its finances.