The world's largest automaker made the second largest quarterly loss in the auto industry history of the United States. General Motors lost a total of $39 billion on a charge that involves unused tax credits. According to industry analysts, GM is heavily bleeding in North America. GM is deeply hurt by peaking gas prices, problems in the housing market and fickle-minded consumers. With this current situation, GM's restructuring efforts is hampered. Last Wednesday, GM reported their devastating cash lost.

MPH 2007 will be able to witness the UK premier of the driver-focused performance car that sets new standards for Saab--the Turbo X. First launched last September at the Frankfurt Motor Show, the Saab Turbo X will be offered in a limited number of 500 and will be sold in the UK. The prices will start from £32,495.

General Motors has recently announced the addition of the entire line of Saab vehicles into their GM Mobility program. Under this program any customer who purchase or lease any new 2007 or 2008 MY Saab vehicle and then equip it with or install eligible adaptive mobility equipment will be able to obtain a combination of financial assistance plus protection and convenience of OnStar.

General Motors has recently announced the addition of the entire line of Saab vehicles into their GM Mobility program. Under this program any customer who purchase or lease any new 2007 or 2008 MY Saab vehicle and then equip it with or install eligible adaptive mobility equipment will be able to obtain a combination of financial assistance plus protection and convenience of OnStar.

The new Mercedes Benz C 63 AMG will roll out in the market with two variants: sedan and estate models. Both variants are equipped with a monstrous AMG 6.3-litre V8 engine capable of pumping out 336 kW / 457 hp and 600 Nm amount of peak torque. This naturally aspirated engine allows the Mercedes Benz C 63 AMG to accelerate from 0 to 62 mph in a mere 4.5 seconds and can reach an electronically limited top speed of 250 km/h. The car is equipped with a continuous dual-flow AMG sports exhaust system with two chromed twin oval tailpipes with large cross-sections to reduce back pressure, according to Mercedes Benz. Along with high performance catalytic converter, the C 63 AMG complies with almost all of the emissions standards including EU 4 and LEV-II. According to the NEDC, the new Mercedes Benz C 63 AMG achieves a fuel consumption of only 13.4 l/100 km and emits a mere amount of CO2 of 319 g/km. The AMG 6.3-litre V8 engine is coupled with AMG SPEEDSHIFT PLUS 7G-TRONIC transmission to complete the powertrain package.

September was a tough month for the auto industry relative to the weak housing market and sloping consumer confidence, according to U.S sales figures published on Tuesday. The condition was helped by automakers like General Motors, Honda and Nissan which have successfully released their new vehicles.