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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.

David Brown Automotive promising a new luxury British sports car

David Brown Automotive promising a new luxury British sports car The name David Brown Automotive conjures up images of the man whose initials still give us the Aston Martin DB9 – former tractor builder David Brown who bought up Aston Martin in 1947 (and subsequently Lagonda and Tickford). But this David Brown Automotive is actually a new company which promises to “…refresh the classic British sports car, for the 21st Century” with a vision for a new luxury take on the classic British Sports Car. David Brown has put together a team lead by Alan Mobberley – who was  Chief Designer at Land Rover until 2005 and cropped up recently as the designer for Eterniti Motors – and has commissioned Envisage Group (the firm that bought up what was left of CPP after Vladimir Antonov’s exploits and who are building the glorious Lyonheart E-Type) to bring his dreams to life.

Land Rover Defender to return to U.S.

Land Rover will bring the redesigned Defender SUV to the United States as its entry-level vehicle, said Ralf Speth, CEO of Jaguar Land Rover. The Defender could debut as early as 2015 and will be based on the DC100 concept shown at the 2011 Frankfurt auto show. The rugged Defender is currently sold in overseas markets and was last sold here in 1997.