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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.

Volvo's autonomous car is boring enough to work

Volvo is a bit of an enigma. The Chinese-owned Swedish automaker releases a stunning concept from time to time, and we're often pleasantly surprised by the Volvos that enter out test fleet, but it hasn't done much to generate sales numbers -- or buzz -- in the North American market. Maybe that's because Volvo is too busy looking down the road to focus on selling cars now.

SSC Tuatara

Striving to reclaim the title as the fastest car in the world, Shelby Super Cars has announced the Tuatara, the second hypercar from relative newcomers. Designed by Jason Castriota, the all-new vehicle is a clear evolution of the company's first car, which also featured a cab-forward, large rear deck layout. This is sympathetically insinuated toward in the accompanying video.