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Bankruptcy looms for cash-starved Saab

The future is growing dim for Saab. Reports from Europe say the Swedish courts might soon declare Saab bankrupt--possibly as soon as Wednesday--because the company is out of cash. Saab recently won court protection from its creditors while it waited for funds.

Peugeot confirms BB1 for production

Peugeot has confirmed it will build a production version of the BB1, the concept car that's a cross between a car and a scooter. Coming less than a week after it unveiled the SR1 – a roadster concept car that’s supposed to be a line in the sand for Peugeot design – the announcement came as the 200-year old French car company launched its Marque plan that'a aimed at rejuvenating the brand. The five-year scheme has three goals: to move Peugeot up three places in the world car market; to establish the company as a benchmark for style; and to make it a leader in mobility services.

Honda unveils 'near-production' CR-Z concept

By Ben Pulman First Official Pictures 30 September 2009 09:15 Honda has unveiled three concept cars that it will show at this month’s 2009 Tokyo motor show, and one of them is a thinly-veiled show car that previews the new hybrid CR-Z that will go into production in 2010. It has. In 2007 Honda revealed a CR-Z concept at the Tokyo motor show.