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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.

Richard Petty's second Spring Fling car show set for Memorial Day weekend

Richard “The King” Petty and Petty's Garage will hold its second-annual Spring Fling Car Show on May 26 at the shop in Randleman, N.C. The show is open to all makes and models and is sponsored by the Automotive Lift Institute. This event, which includes a cruise-in on Friday night, is free to the public.

New McLaren to take on the Audi R8

The 'Baby' McLaren - expected on sale in 2012 When Ron Dennis left McLaren F1 recently, he said he wasn’t putting his feet up, but had so many other things to do within McLaren that he’d be busier than ever. We’ve brought various bits of information about the McLaren P11 – the F430 / LP560 size car – recently, a project that will certainly keep Ron busy, but there’s more information coming out on the new ‘Baby’ McLaren today. Auto Express is reporting that the new baby McLaren is well on the way, and even supplied the rendering we have here.