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Crunch watch Dec 09: the auto industry in crisis

Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 30 December 2009• Saab's PR chief told AN that GM is extending the deadline for a sale to 7 January – and the Trollhattan factory will resume limited manufacturing in early January to build the new 9-5 and some 9-3 cabrios (Automotive News, subscription required)• Last night Bloomberg reported a Saab board member claiming that the 31 December deadline for a Saab sale or closure 'is not holy'. If GM receives a bid that is 'sufficiently interesting', it'll extend the deadline, said the Saab suit (Automotive News, subscription required)• GM is offering massive discounts on Pontiac and Saturn cars, as it seeks to get rid of the remaining stock from these terminated brands.

Hennessey tunes C7 Corvette Stingray

Hennessey Performance and its gang of Texas tuners are planning upgrades for the 2014 Chevrolet Stingray Corvette before the car even hits the market. We're sure Corvette engineers working on the next ZR1 are taking notice, presumably with a chip on their collective shoulders. In October, the Hennessey HPE700 Corvette is expected to debut packing a claimed 700 hp, with help from an Eaton TVS R2300 supercharger.

Mini introduces two special editions

Mini has introduced two special-edition Coopers, the Mini Baker Street and the Mini Bayswater. The company says the models were made to spread London's signature style in the year the country hosts the Olympic Games. The Baker Street package is available only on the base Cooper, while the Bayswater package can be had with Cooper or Cooper S underpinnings.