1960 Chevrolet Impala Airplane Trim 2 Door Convertible Pair Moldings on 2040-parts.com

Saab gets a ray of hope from China

Victor Muller sees a glimpse of sunshine from China The saga that is the long and painful demise of Saab seemed to reach its nadir last week when courts in Sweden refused to offer the beleaguered car maker sanctuary in its protection. We thought that would be the end for Saab – despite a never-say-die appeal of the decision by Victor Muller, due to be heard tomorrow – with nowhere left to hide from trade supplier debts of €150 million, and the wrath of Sweden’s unions ready to file for Saab’s bankruptcy over unpaid wages for Saab employees. The nadir for Saab should reasonably be followed by its rapid consignment to the annuls of motoring history, but a tiny glimmer of hope has risen from Saab’s putative investors in China.

Daimler agrees to unload remaining Chrysler stake

Daimler AG announced today that it has reached an agreement to unload its remaining 19.9 percent stake in Chrysler LLC. "Daimler's remaining 19.9 percent shareholding in Chrysler will be redeemed, and Daimler will forgive repayment of the loans extended to Chrysler, which were already written off in the 2008 financial statement," Daimler said in a prepared statement. All told, Daimler will write off $700 million as a result of the deal, according to the statement.

Elegant 1933 one-offs take top honors at the Concours d'Elegance of America

Two elegant cars from 1933 were named Best in Show at the 2012 Concours d'Elegance of America at St. John's on Sunday. Jim Patterson's 1933 Delage D8S was crowned best European car, while Joseph Cassini's 1933 Chrysler Imperial Phaeton with body by LeBaron took the top honors for American-made cars.