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Rumor mill: Porsche 928 successor on the way?

Porsche is reportedly planning a spiritual successor to the front-engine, rear-drive 928 coupe, according to U.K. magazine Autocar. The new grand tourer, which could wear the 929 nameplate, will be based on a shortened version of the Porsche Panamera platform and will be offered in both coupe and convertible body styles.

Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.

General Motors will prep plants in 2012 for next-generation pickups

General Motors will begin retooling assembly plants next year to build the next generation of its full-sized pickups, GM's U.S. sales chief Don Johnson said. "We have some scheduled plant downtime in 2012 as we convert to the next generation of our pickups," he said.