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Toyota to recall 1.1 million Corolla, Matrix models prone to stalling

Toyota Motor Corp. today issued a recall of 1.1 million Corolla and Corolla Matrix vehicles from the 2005-08 model years after more than 1,000 complaints of stalling. In a statement, Toyota said it was addressing some engine control modules that may have been improperly made.

2012 Jaguar XKR-S Convertible Price: £103,000 & just 100 UK cars

Jaguar XKR-S Convertible - For Sale at £103k in the UK We noticed yesterday that Jaguar in the US seemed to have confirmed that the US price for the new Jaguar XKR-S Convertible - currently strutting its stuff at the L.A. Auto show – is $138,875, and that the States is getting just 25 cars, which have all been sold. Despite a frantic search of our inbox, we couldn’t find any sign of a UK price for the soft-top XKR-S in the UK, so we got hold of Jaguar who have confirmed the UK list price as £103,000.

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.