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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.

Sandy's toll: 15,000 cars and counting

The damage tally from Superstorm Sandy continues to roll in. The latest estimate is that Toyota, Chrysler, Nissan and Honda plan to scrap 15,000 new cars damaged. The National Automotive Dealers Association says that number could grow to 200,000 cars.

SEMA 2008 show report: Mercedes GLK

By Ben Whitworth First Official Pictures 04 November 2008 10:30 Mercedes set an all but impossible challenge for tuners at this year’s SEMA (Specialty Equipment Market Association) show in Las Vegas – to turn its gut-wrenchingly ugly GLK off-roader, which makes its formal American debut at the show, into something desirable and cool. The best four submissions – the Brabus Widestar, Urban Whip, Pikes Peak Rally Racer and Rock Crawler - were displayed at SEMA. And presumably scared a lot of showgoers senseless.