Vintage Style Bakelite Volkswagen Type 2 Air Cooled Shift Knob on 2040-parts.com

GM’s Henderson offers a ray of hope for Sky, Solstice

There appears to be a slight glimmer of hope for fans of the Saturn Sky and the Pontiac Solstice. CEO Fritz Henderson said that General Motors would be willing to sell its Wilmington, Del., plant, which builds the Sky and the Solstice--two eye-catching performance cars--if a buyer specifically wanted those niche products, similar to what Chrysler offered with its Dodge Viper business.

Wiedeking to be offered $140 million to quit Porsche, report says

Porsche CEO Wendelin Wiedeking could be offered a $141 million (100 million euros) payoff to quit the sports car maker to make way for a merger with Volkswagen, Germany's Sueddeutsche Zeitung newspaper reported Friday. The newspaper said Wiedeking has been visited by Porsche Chairman Wolfgang Porsche in the past few days, who “made it clear” that the embattled CEO should step down. Wiedeking has come under fire for allowing Porsche's holding company to amass debts of more than $12.7 billion (9 billion euros) during a failed attempt to take over VW.

Saab plans to restart production on Aug. 9

Saab owner Swedish Automobile NV said Thursday that the struggling automaker aims to restart production at its Trollhaetten plant in Sweden on Aug. 9. The news follows the Swedish government's approval of Swedish Automobile's request to sell part of Saab's property unit to a consortium of Swedish real estate investors, the company said in a release.