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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.

Bentley Mulsanne convertible concept debuts

Bentley will expand the Mulsanne lineup with a glitzy convertible version, previewed by a concept that debuted at Pebble Beach. The British droptop would likely share mechanical pieces with the coupe, meaning a twin-turbo 6.75-liter V8 making 505 hp and 752 lb-ft of torque paired with an eight-speed automatic and rear-wheel chassis. Technical specifications were not confirmed.

Ford Euro tuning partner Mountune sets up shop in US

U.K.-based Ford tuner Mountune is opening up a satellite location in California. The company is not well known on this side of the Atlantic, but across the pond it enjoys the status of being Ford's official European tuning partner. Mountune will be offering high-performance racing components for a number of Ford vehicles in the states, and we're excited to see what they'll be able to do with the rabid Ford Focus ST and Fiesta ST models.