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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.

Mitsubishi Concept PX-MiEV Ⅱ

Mitsubishi is set to unveil a duo of concepts at the Tokyo motor show later this month, the first of which is the snappily titled Concept PX-MiEV II. The PX-MiEV II is a plug-in hybrid-powered, mid-sized corssover. Externally, the PX-MiEV II appears to be similar in concept to its Outlander stable mate, with a high DRG featuring lights that run into the plexi-grille; a subtle reminder of the car's electric drive train.

Top Gear: Clarkson, Hammond & May sign for another 3 years

It’s been revealed that Jeremy Clarkson, Richard Hammond and James May have signed up for another 3 years of Top Gear. There may not be a new series of Top Gear on its way until 2013, but we now know that Top Gear as we know it – with Jeremy, Richard and James – is safe for another three years after the trio signed a new deal with the BBC, tying them in to Top Gear until 2016. So, despite the naysayers claiming Top Gear has had its day and will end soon, we can guarantee another three years of the nation’s (and the world’s) favourite car entertainment programme.