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.

Updated Mercedes G Class UK prices announced

Mercedes-Benz has revealed prices for the updated 2012 Mercedes G Class, which starts at £82,954 and rises to £123,115. The word ‘Icon’ is bandied around for any car that’s survived the test of time (guilty as charged), but few are really iconic. The Mercedes G Class is one of the exceptions.

2011 Mercedes CLS Leaks

The first official photos of the 2011 Mercedes CLS leak out The Paris Motor Show beckons, and we are thankfully going to have far more going on in the world of cars than we have for the last month or so. And today’s leak of the 2011 Mercedes CLS in all its production ready glory – well, it’s Photoshop enhanced production ready glory, anyway – is doubtless the first of the Paris leaks to come over the next month or so. Of course, this isn’t the first time we’ve seen the replacement for the Mercedes CLS.