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Austin Healey involved in racing's deadliest crash sells for more than $1 million

The Austin Healey 100 that was involved in motorsport's deadliest crash during the 1955 24 Hours of Le Mans sold for more than $1 million during Bonham's December Sale at Mercedes-Benz World in England on Dec. 1. On lap 35 of the race, the Austin Healey, driven by Lance Macklin, made a sudden move to pass the hard-braking No.

Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.

GM engineers focus on weight, balance for 2013 Cadillac ATS

When engineers at Cadillac built the ATS sedan, they knew that they were competing with some of the best products on the market, such as the BMW 3-series, the Audi A4 and the Mercedes-Benz C-Class. They paid special attention to curb weight to help meet their performance goals. “We designed and engineered the ATS's vehicle architecture to deliver quick, nimble and fun-to-drive dynamics,” said David Masch, ATS chief engineer.