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Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.

SsangYong will show XUV 1 concept at Frankfurt

South Korean automaker SsangYong will have something to brag about at the Frankfurt motor show in September--namely, the new concept XUV 1. The XUV 1 is a small crossover vehicle with a shape similar to that of the Land Rover Range Rover Evoque. At least that's what we see from teaser photos released on Thursday.

New Ford Fiesta Automatic

The Ford Fiesta now gets an automatic option Of course, this is not just about catering for the small numbers of Europeans who can’t use their left foot. It is probably about catering for the huge number of Americans who won’t. As we’ve reported, Ford is on a big push to get America to love the new Ford Fiesta, and without an auto option on offer they will be restricting their sales numbers.