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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.

Kia Niro stars at the 2013 Frankfurt Motor Show

You sense from the press material accompanying the Kia Niro, on show here at IAA, that Kia is just a tiny bit pleased with its latest concept. And to be fair, it has every reason to be. Just look at it - this thing is magnificent.

Prototype of new Alfa Romeo Milano is spied; a future car for Chrysler?

Chrysler let slip the names to two upcoming Alfa Romeo models in its survival plan submitted to Congress--and here is a look at one of them, the Milano. Alfa has been developing this five-door small car to replace the 147 in its lineup. The new car was developed under the 149 name, but it will be called the Milano when it is launched in Europe late this year.