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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.

Record expected for Auto Union sale

By James Mullan Motor Industry 07 February 2007 09:21 A rare 1939 Auto Union Type D grand prix car is tipped to tear up the record books this month when it goes under the hammer – for an estimated price of up to £7.8 million. Auto Union developed the Type D racing car with a mid-mounted 3.0-litre 12-cylinder engine; in 1939, it was modified with the addition of a twin supercharger, increasing power 420bhp to 460bhp – enough for a top speed of 205mph. This particular car won the French and Yugoslavian Grand Prix in 1939, but at the end of the Second World War it was transported from East Germany to the former Soviet Union by Russian occupation forces as spoils of war.

Mazda Furai concept sneak preview

Mazda Furai concept By Ben Whitworth First Official Pictures 12 December 2007 11:37 Mazda will pull the wraps of yet another concept car at Detroit – and has released this teaser shot to whet our appetites. Called the Furai – that’s Japanese for ‘the sound of the wind’ - the car was inspired by Mazda’s claim that on any given weekend, there are more Mazdas and Mazda‑powered racing cars in action on circuits across the United States than any other brand.Drawing design clues from racecars in the ALMS (American Le Mans Series), the Furai is underpinned by the Courage C65 chassis the company campaigned in the 2005 ALMS series, and it’s powered by a mighty 450bhp triple-rotor rotary engine. 'Furai purposely blurs boundaries that have traditionally distinguished street cars from racing cars,' says Franz von Holzhausen, Mazda’s North American director of design.