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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.

Chrysler Group names new chief for Fiat in North America

Chrysler Group on Monday named Timothy Kuniskis head of the Fiat brand for North America, replacing Laura Soave, who "has left the company and will pursue other interests." Kuniskis, 44, most recently served as director of marketing for the Chrysler and Fiat brands. The change is effective immediately, Chrysler said in a statement. Soave, 39, who supervised Chrysler's efforts to reintroduce the Fiat brand in North America after a 17-year absence, attended the rollout last week of the Fiat 500 Abarth at the Los Angeles auto show but did not participate in the press conference, raising further questions about her tenure.

Honda reveals ‘Forza’ design contest winner in Chicago

Honda teamed up with “Forza Motorsport” to reveal the winning entry in the “Forza Motorsport” Civic Si Design Contest at the 2014 Chicago Auto Show on Friday. The winner was Tiffany Labedz of Phoenix, who beat out 17,000 other members of the Xbox “Forza” community. "At Honda, we love meeting our customers where their passion lies, and the racing and custom car design in ‘Forza Motorsport’ is definitely a passion for so many Honda and Civic enthusiasts," said Tom Peyton, Honda’s assistant vice president of advertising.