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Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.

Audi RS4, A1, S5 and R8 V10 details

By Ben Pulman Motor Industry 14 July 2008 12:25 The next Audi RS4 will be supercharged, the R8’s V10 will be naturally aspirated and we won’t be seeing an Audi that’s smaller than the A1 supermini any time soon. That’s all according to a high-placed Audi source that CAR sat down with at the recent Q5 4x4 launch. Read on for everything our source had to say about Audi’s secret new model programme.

Toyota RAV4 (2013) official teaser video

Toyota has released this teaser video for its new RAV4, ahead of the car's reveal at the Los Angeles motor show in late November 2012. The fourth-gen RAV4 will make its way to UK dealerships by spring 2013. From the brief glimpses of the RAV4 in the video, we can see the new car will get the same slim grille and headlight arrangement as the new Auris hatchback.