1936 Packard Standard 8 Sedan Lf Door Trim Panel Moulding on 2040-parts.com

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.

Ford reportedly to shut down Mercury

The Mercury brand, rumored to be on the verge of death several times over the past decade, would be shut down under a plan being prepared for Ford Motor Co.'s board of directors, Bloomberg News reported on Thursday. Citing two executives who have knowledge of the plan but asked not to be identified, the news service said the plan would be submitted to Ford's board in July. How quickly Mercury would be shut down depends how quickly the automaker can convince Lincoln Mercury dealers to close or merge with a Ford-brand dealership, the report said.

Chevrolet Corvette Z06 (2014) first teaser picture

By Ben Pulman First Official Pictures 05 December 2013 11:00 Coincidence? On the same day that Ford has revealed the new Mustang, Chevrolet has announced a new Corvette in a cheeky bid by one iconic American sports car to deflect attention away from another. Unlike the Mustang it’s not an all-new model, but instead a harder, faster, more track-focused variant of the Corvette, the new Z06.