10 Ribbed 3.500-10 Whipple Supercharger on 2040-parts.com

Saab files for reorganization, seeks $1 billion to survive

Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process. The General Motors-owned Swedish brand said it will work "to create an independent business entity" and will concentrate production, design and engineering in Sweden. Saab said it would continue to operate as normal during the reorganization process, with GM and the Swedish government providing some support.

Chevrolet touts the 2012 Sonic's 40-mpg highway rating

With an EPA-rated 40 mpg on the highway, Chevrolet is calling its 2012 Sonic one of the most fuel-efficient small cars on the market. Chevy says that 40-mpg rating puts the Sonic right on par with the 2012 Ford Fiesta and the Hyundai Accent in terms of eco-friendliness. In city driving, the 1.4-liter turbocharged Ecotec engine gets 29 mpg.

Red Tails Mustang joins auction at AirVenture Oshkosh

Ford has produced a one-off Red Tails edition of the 2013 Ford Mustang GT for an auction at the Gathering of Eagles charity event on July 26. The event will take place during the Experimental Aircraft Association (EAA) AirVenture Oshkosh 2012 at Wittman Regional Airport in Oshkosh, Wis. Proceeds will benefit the Young Eagles program, which provides free introductory flights for young people.