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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.

Chevrolet WTCC Ultra concept

Chevrolet has released a sketch of their WTCC Ultra concept that will be unveiled at the Paris Motor Show in three weeks. Styled by Ewan Kingsbury of GM Australia, who also worked on the Holden Torana, the concept was further developed in Europe to produce a fully working prototype, while the engine comes from Korea and the body from Japan. The international collaboration demonstrates the breadth of GM's resources, and has resulted in Chevrolet's vision of a new generation of World Touring Cars.

Eve of Eyes kicks off festivities for the EyesOn Design car show

Designers of all ages and and stripes descended on the ancestral home of General Motors styling on Thursday night for the annual Eve of Eyes event that kicks off festivities for the EyesOn Design car show. The spotlight event is always a favorite of designers to mingle, network and ponder their craft over drinks and light fare. This year, it was held in a fitting venue--the College for Creative Studies.