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Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.

CLASSIC CARS EASY PREY FOR THIEVES

CLASSIC cars will always have an appeal for those willing to forego today’s modern extras like power-steering and air conditioning for the thrill of owning and driving a timeless machine. However, Tracker, the UK’s leading stolen vehicle recovery company, is warning that it is not just creature comforts these valuable cars are missing, but important modern security features which make them an easy target for thieves. Stuart Chapman, head of Tracker’s Police Relationship Team, said, “Classic car owners are understandably cautious when it comes to installing alarm systems and immobilisers.

Cadillac plans dealer, consumer support for CUE infotainment system

General Motors is taking a page from Apple's Genius Bar tech-support program as its Cadillac brand rolls out a new infotainment system. GM is requiring Cadillac dealers to designate two employees as certified CUE specialists--one in sales, the other in service--as experts to walk customers through the system known as the Cadillac User Experience, or CUE. GM also plans to hire 25 service representatives that it will scatter across its largest markets to field questions from both dealers and customers.