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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.

Mercedes CLA 45 AMG arrives early

Ahead of a reveal at the New York Auto Show, the Mercedes CLA 45 AMG – the AMG version of the new CLA – has arrived with a raft of photos. Looking just asn you’d expect – the new Mercedes CLA with the AMG bits from its hatchback sibling, the A 45 AMG – the CLA gets a diamond grill with double chrome bar and big 3-pointed star, front splitter. butch bumpers, black door mirrors, boot spoiler and carbon fibre trim and no doubt the option of the AMG Performance Pack.

Chevrolet Spark first official pictures

By Ben Whitworth First Official Pictures 10 February 2009 10:05 When it goes sale in the UK in January 2010, Chevrolet will pitch its Spark supermini at well below the £7000 mark to undercut its Hyundai i20, Suzuki Swift and Ford Ka rivals. The Matiz replacement will make its global debut at the Geneva motor show in March, and these are the first images of the car’s rear and cabin. Correct.