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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.

Infiniti European range launched

By Ben Barry Motor Shows 05 March 2008 14:45 What’s new on the Infiniti stand at Geneva? Nissan’s upmarket Infiniti brand officially launched its European range in Geneva, essentially a slimlined and simplified interpretation of its US model line-up: G37 coupe and saloon, EX37 coupe crossover and an all-new V8 coupe crossover to sit at the top of the range: the FX50. The latter model is essentially a scaled up EX37, though the nose treatment is notably bluffer and, to our eyes, a little too severe.

One lap of the web: A Lotus superbike, a track-only Z06 and a pair of M cars

Motorcycle News Lotus has licensed its name for this 200 HP superbike. Motorcycle News is reporting that Lotus, the beloved sportscar manufacturer that launched a thousand acronymic reliability jokes--"L.O.T.U.S, Lots Of Trouble, Usually Serious"--has lent its name to a 200 HP, V-twin-powered superbike that is to be manufactured by a new company. While it does wear a lovely JPS-style livery, it's not clear where the lightness has been added or if it's been simplified.