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Saab: ‘Game Over’ says Administrator Guy Lofalk

Saab Administrator Guy Lofalk says the game is over at Saab Court Administrator for Saab – Guy Lofalk – says they have reached the end of the road with Saab with no money and no prospect of GM agreement. The death knell for Saab has been proclaimed more times in the last year than a ‘journey’ from an X Factor contestant. But, according to the Swedish Court appointed administrator for Saab - Guy Lofalk  - the game is over.

GM cuts Facebook ad spending, but Ford steps on the gas

On the eve of Facebook's wildly anticipated initial public stock offering, General Motors said May 15 that it will stop buying advertisements on Facebook--about $10 million a year--but "remains committed" to the social network as part of "an aggressive content strategy with all our products and brands." In other words, GM will not pay Facebook for ads but will continue to maintain content, for which Facebook doesn't collect revenue. News of the decision was reported in The Wall Street Journal. But GM's position is far from universal.

Kia to show KND-7 concept at CES in Las Vegas

Even though just a few years ago cars weren't a prominent part of the annual Consumer Electronics Show in Las Vegas, it is now an event filled with automakers and their concept cars. And for the 2014 edition of the massive show, Kia will bring their KND-7 concept. The KND-7 features a 1.6-liter turbocharged GDI (gasoline direct injection) four-cylinder engine good for 201-hp, along with cheeky exterior design.