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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.

Kia to reveal ‘Stunning’ Sports concept at Detroit Auto Show

‘Stunning’ Sports car concept teased by Kia It may be almost Christmas, but car makers are looking a bit further ahead than that with the current crop of teases and expectations for the 2014 Detroit Auto Show in January. Today’s offering comes from Kia, with the first teaser photo of a new concept heading for Detroit. Kia describe their car as a “stunning sports car concept” which has been designed by Kia’s California design team in Irvine, and is a 2+2 Sports Car which, say Kia, will make heads turn and provide superb driving enjoyment on road or on track.

Suzuki puts the boot into SX4

By Dimitri Pesin Motor Industry 15 September 2006 10:03 Suzuki is launching a saloon version of the SX4 in North America and Japan. The SX4 Sedan is finalising its hot weather testing programme, ahead of the car's US launch in October 2006. Running a 2.0-litre engine, the SX4 sedan will compete with cars like the Chevrolet Aveo and Ford Focus.