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General Motors to shut down Saab
Fri, 18 Dec 2009General 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.
Lotus secures more funding, but five-year plan is dead
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Mustang Boss 302 always supposed to be a quick run, Fields says
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