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GM grants Saab a reprieve, CEO Henderson resigns

By Tim Pollard Motor Industry 02 December 2009 15:51 The board of General Motors has granted Saab a lifeline – by extending the deadline for bids on its stricken Swedish patient to 31 December 2009. GM has been trying to sell Saab for the past year, and the Swedish car maker has been under court bankruptcy protection since February 2009.GM chief executive officer Fritz Henderson also announced he was to stand down. His interim successor is hard-nosed GM chairman Ed Whitacre – meaning that GM Europe and the US mothership have both lost their bosses in a matter of weeks.

Cadillac SRX: Redesigned, smaller and less expensive

Cadillac is enhancing its line with a redesigned 2010 SRX and the addition of the 2010 CTS wagon. Both vehicles go on sale in late summer. Cadillac's redesigned 2010 SRX will carry a $34,155 sticker price, $7,080 less than the V6 crossover it replaces.

BMW and Pininfarina to show Gran Lusso Coupé concept at Villa d'Este

BMW and Pininfarina have collaborated on a concept car – the Gran Lusso Coupé – for the 2013 Concorso d'Eleganza Villa d'Este. Previewed in these teaser images, the gloriously glamorous-sounding Gran Lusso (lusso being Italian for ‘luxury') appears to fuse BMW iconography – the front fender vent, Hofmeister kink DLO and horizontal rear lamp treatment – with a little more Latin flair with a rocker that flicks up the rear lamp and joins the shoulder line. The full-width rear lamps also promise to be suitably exotic.