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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.

Alfa Romeo 4C arriving in 2013

Alfa Romeo 4C arriving in 2013 The Alfa Romeo 4C – a compact, mid-engined RWD sports car – teased by Alfa at Geneva & Frankfurt – will arrive in 2013. The Alfa Romeo 4C holds a lot of promise as a small mid-engined and very light sports car. And Alfa Romeo has seemed serious about their baby 8C, turning up at both Geneva 2011 and Frankfurt 2011 with concept versions of the 4C.

Cabbies test new British-built hybrid Black Cab

LONDON cabbies have seized the chance to test the first in a new wave of low-emissions taxis. At Metrocab's testing facility in Surrey, representatives from the Capital's taxi world met London Mayor Boris Johnson, who after driving the car threatened to turn into Top Gear's Jeremy Clarkson. The Mayor joined Licensed Taxi Drivers Association (LTDA) General Secretary Steve McNamara, and London Cab Drivers Club (LCDC) Chairman Grant Davis to put the Metrocab’s zero emissions capability to the test.