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    Saab head says five possible buyers identified
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    Two months. That's how long the world will have to wait for Saab to identify its new owner, according to Managing Director Jan-Ake Jonsson. Although he didn't specifically mention candidates, Jonsson told Automotive News Europe that, "There are about five we want to talk to. There are a couple more ...

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    GM offering buyouts and bonuses to HUMMER dealers
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    Click on the above image for our 2009 Hummer H3T high-res gallery Taking heed of lessons learned when it shed the Oldsmobile brand, General Motors is quietly negotiating with HUMMER dealers to prevent lawsuits if the brand is sold or extinguished. Even though confidentiality agreements have been ...

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    J.D. Power lowers U.S. sales forecast... again
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    J.D. Power and Associates have lowered their U.S. sales light-vehicle forecast for 2008 to just 14.2 million units. This is the third time the global information services company have updated their numbers. In March, they announced that sales would not hit their initial 15.7 million estimate, ...

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    Hyundai offers scorching deal on Genesis leases
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    Click on the image above for our high-res Hyundai Genesis gallery To lure buyers towards the all-new 2009 Hyundai Genesis luxury sedan, the Korean automaker is aggressively pricing lease programs. Traditional Hyundai customers choose to lease about 10-12 percent of the time. The Genesis, ...

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    Volvo's suitor of the week: China's Chery
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    Following up on our report last month about Volvo possibly going to the Chinese, state media is now reporting that Chery Automobile, one of the largest independent and fastest growing Chinese auto manufacturers, has its eyes on the Swedish automaker. Although officials at Chery rule out the ...

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    Chrysler selling Pacifica Design Studio to Mercedes-Benz
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    The Chrysler Pacifica Advance Design Center, first opened in 1983, is credited with penning the Plymouth Prowler concept (pictured above), Dodge Challenger concept, Jeep Compass, and Dodge Intrepid concepts. Unfortunately, the Design Center closed earlier this year as Chrysler streamlined ...

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    Brits preorder 700 Nissan GT-Rs in 48 hours
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    Click on image above for a high-res gallery from our GT-R First Drive! Nearly 700 Brits plunked down pre-order deposits of £3,500 (about $7,000) within the first 48 hours of Nissan's hot GT-R going on sale, proving demand for the latest Japanese supercar doesn't seem to be diminishing. ...

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    Tata to (finally) announce Jaguar, Land Rover purchase March 5 or 6
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    In what looks to be a merciful end to the world's longest foregone conclusion, Tata Motors will reportedly announce its purchase of Jaguar and Land Rover on either March 5 or 6. The announcement is expected after the first press day of the 2008 Geneva Motor Show, so as not to steal the limelight ...

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    Another Malaysian automaker interested in buying Lotus?
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    According to a report by Reuters, a Malaysian company has approached Proton Holdings and asked if the automaker would be willing to part with its controlling stake in Lotus. The unnamed company is interested in purchasing the 63.75-percent of shares of the British automaker and automotive ...

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    Now-famous Schumacher taxi for sale
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    We just can't get enough of this saga. First, Michael Schumacher, family in tow, commandeers a taxi to get to the airport. Then the local police decide to launch an investigation into the purported violation of Germany's Personnel Transport Act. Now the cab driver, a hundred euros richer thanks to ...

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