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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.

Marchionne, Fiat execs tighten grip on Chrysler under unified management team

Sergio Marchionne, CEO of Fiat S.p.A. and Chrysler Group LLC, will retain oversight of the two automakers in North America under a single management team dominated by Fiat-bred executives. Four regional chiefs will be in charge of Fiat and Chrysler operations in North America, South America, Europe and Asia effective Sept.

Porsche Carrera GT Wallpaper

Porsche Carrera GT Wallpapers in standard and widescreen resolutions Porsche originally planned on  building 1500 Porsche Carrera GTs, but in fact only 1270 were actually built, with almost half of these going to the US. Just five standard colours were available on the Carrera GT (although Porsche would produce special paint finishes on request) and all featured a six speed manual ‘box and a base list price of $444,000 + tax. The limited production of the Porsche Carrera GT has helped it retain much of its value – a 2004 Carrera GT would still command in the region of $350,000.