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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.

Chris Bangle resigns as BMW Group Design Director

BMW today announced that Chris Bangle is resigning from his position as Head of Design for the BMW Group. Bangle will be handing over his post to current Head of BMW Automobile Design, Adrian van Hooydonk, when he leaves the company to pursue his own design-related endeavors outside the auto industry. Bangle has worked closely with van Hooydonk at BMW Group Design Development for nearly 17 years.

Honda Jazz Hybrid (2013) first official pictures

Honda city car gets a new hybrid drivetrain and dual-clutch gearbox – and a claimed 102.8mpg The new Honda Jazz Hybrid has been revealed, with massive improvements in fuel economy for the smartly packaged and keenly priced urban runabout. Its 102.8mpg (UK) claim puts the current Jazz Hybrid’s figure of 62.8mpg in the shade, as well as that of the Toyota Yaris Hybrid with 81.0mpg. It will be shown at the Frankfurt motor show this September before arriving in UK showrooms in 2014.