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GM prepares to announce Pontiac closure next week

General Motors is preparing to announce early next week that the Pontiac brand will be eliminated, said a source familiar with the company's plans. The announcement will be made as part of an updated viability report to the U.S. auto task force, the source said.

Fisker Surf Shooting Brake appears at Frankfurt

Fisker Surf Shooting Brake Fisker will reveal a Shooting Brake version of the Fisker Karma at Frankfurt today, the first new model we’ve seen in the flesh from the eco-car company for some time. And no, this isn’t project Nina, it’s the Fisker Surf. The Surf Shooting Brake is Fisker’s answer to cars like the Ferrari FF but is really their response to the observation that three tons of batteries in the boot oif the regular Karma only leaves enough room for a toothbrush and a pair of pyjamas.

Mitsubishi CEO pledges to stay in U.S., wants to quadruple sales

Mitsubishi Motors Corp. President Osamu Masuko says the company won't pull out of the U.S. market and that his personal mid-range sales target is 200,000 units a year, or roughly four times today's level of 50,000.