
The bankrupt U.S. arm of Swedish automaker Saab Automobile AB has gained court approval of a plan to liquidate and pay back creditors, effectively ending its bankruptcy.

The bankrupt U.S. arm of Swedish automaker Saab Automobile AB has gained court approval of a plan to liquidate and pay back creditors, effectively ending its bankruptcy.

BAIC seeks to acquire Fisker assets, report says
Beijing Automotive Industry Holding Corp., a state-owned Chinese automaker, is interested in acquiring assets of troubled U.S. plug-in hybrid vehicle maker Fisker Automotive Inc., according to Chinese media. A team of delegates from BAIC visited Fisker in Anaheim, Calif., last week, reported Shanghai Securities News.

Italy’s auto industry association, Anfia, called on the country’s government to reduce the tax burden on motorists to boost flagging car sales.

American Honda Motor Co., Inc. is recalling certain model year 2013 Accord vehicles that are Low-Emission Vehicle (LEV) II rated that were manufactured Jan. 15, 2013, through April 5, 2013.