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Read the GM press release annoucing the sale of Saab to Spyker Cars

PRESS RELEASE: GM Reaches Agreement to Sell Saab to Spyker DETROIT -- General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances. “General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.

Exclusive: 2012 Bentley Continental GTC spied – with new V8

First photo of a V8 Bentley Continental We had the launch of the new Bentley Continental GT – the 2011 car – back in September at the Paris Motor Show, but we’re still waiting for what will now be the 2012 Bentley Continental GTC – the drop-top Conti. We had a photo of the new GTC – complete with a slightly odd two-tone paint job – drop in last week, and we’d planned to run the story today – it’s a good filler for a Sunday. But it’s turned in to a bit more than that.

Kia and BMW claim 2012 Red Dot Design Awards

Kia and BMW have been recognized by the 2012 Red Dot Design Awards judging panel, picking up the ‘best-of-best' awards in the transportation product design category. The awards, handed out March 15, single out the best-designed products from over 4,000 entries across a variety of categories. Kia's A-segment Picanto and B-segment Rio were both winners in Red Dot's ‘Product Design' category, fighting off competition from over 4,500 products entered by 1,800 manufacturers from 58 countries.