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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.

Concours D’LeMons: a celebration of funny cars at Monterey

It’s undeniable that the Monterey Historics season is enthralling, exciting and, well, a bit on the expensive side. Some have also accused it of being elitist, but they haven’t just moaned about it – they’ve done something about it. their answer?

Ferrari FF technology focused on performance, less weight

At 660 hp, the Ferrari FF matches the horsepower output of the 2002 Enzo, becoming the most powerful production Ferrari ever. The company built just 349 units of the Enzo from 2002 to 2004, while Ferrari plans to build about 1,000 FFs a year. Other technical innovations introduced by Ferrari on the FF: -- The company's patented four-wheel-drive system, called 4RM.