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Bankruptcy looms for cash-starved Saab

The future is growing dim for Saab. Reports from Europe say the Swedish courts might soon declare Saab bankrupt--possibly as soon as Wednesday--because the company is out of cash. Saab recently won court protection from its creditors while it waited for funds.

Mercedes-Benz slots 4 compacts for U.S.

Mercedes-Benz will launch four compact vehicles in the United States in the next three years with starting prices of $30,000 or below. The vehicles will include a production version of the A-class coupe concept shown last week at the New York auto show. Three variants of Mercedes' new-generation compact family also are headed for the United States.

Bentley Continental GT V8 flies through the skies of Munich: Video

Bentley showed off its new V8 Continental GT in Munich on Wednesday, picking up its luxury coupe with a Skycrane helicopter and dropping it off at SkyLounge, an exclusive space for events that is perched between two buildings in the city's downtown. The launch party included 300 VIP guests. “A dramatic car got the debut we felt it deserved, and we took a little bit of our inspiration from Bentley's iconic ‘Winged B' emblem,” said Klaus Becker, general manager of Bentley Munich, who organized the helicopter lift.