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GM to shut down Saab

General Motors will shut down Saab after the automaker wasn't able to conclude a deal to sell the brand to Spyker Cars, GM said on Friday. “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," GM Europe president Nick Reilly said in a statement. "In order to maintain operations, Saab needed a quick resolution.

New Qoros at Geneva 2014 – looks like a Crossover/SUV

New Qoros at Geneva 2014 – looks like a Crossover/SUV Chinese car maker Qoros – hoping to make inroads in to the European market with its Qoros 3 saloon – is heading for the Geneva Motor Show in March with a new model, teased today in a pair of photos. Qoros’s first production model – the Qoros 3 – arrived in production guise at Geneva this year as a convincing – if generic -looking – four-door saloon, which we did think an odd route to go to break in to Europe. But the next Qoros – previewed here in a couple of teaser photos – looks to be a production version of the Qoros Cross Hybrid Concept Qoros showed at Geneva and a much better route to grabbing a slice of Europe’s car sales.

Toyota says quake-hit plants escape major structural damage

Toyota Motor Corp. has released the first damage report for its northern Japanese factories in the region hammered by Friday's massive earthquake, saying some equipment and fixtures will need repairs but that the plants sustained no major structural harm. For days after the quake, Toyota had trouble contacting it plants in the northern Japan quake zone, making it difficult to assess their status.