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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.

McLaren P13 set to arrive in 2014

The next new car from McLaren – codenamed P13 and set to take on the Porsche 911 and Audi R8 – now looks set to arrive in 2014. McLaren’s plans for a new range of road cars have been in play for a number of years, and we initially expected the 12C to arrive first to take on the Ferrari 458, which it did, followed by a cheaper McLaren set to take on cars like the Porsche 911 and Audi R8. We got the McLaren MP4-12C (which McLaren now like us to call the 12C) followed by the 12C Spider – just as we first thought - but it seems McLaren was under pressure from its new dealer network to get the replacement for the legendary F1 out next, so McLaren switched tack and delivered the new McLaren P1.

Vauxhall Astra (2010) ecoFLEX arrives

Vauxhall has added the ecoFLEX to the Astra range There was a time – not so long ago – when car makers trumpeted the arrival of the range-topping, high-performance model of a new car shortly after the main range launched. But now the fanfares are reserved for the super-eco model. Such are the times in which we live.