1954-58 Chevy Truck 6100 Emblems on 2040-parts.com

Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "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," Saab's Dutch owner, Swedish Automobile, said in a statement.

Jaguar brings one-off XKR, Gentilozzi rocket to Goodwood

Jaguar will have an auspicious presence at the Goodwood Festival of Speed this weekend: it's bringing a one-off, lime green XKR and the record-breaking XFR driven by Paul Gentilozzi at the Bonneville Salt Flats. The one-off XKR is called the Goodwood Special and is based on a 2010 model-year car. It has 21-inch wheels, a lowered ride height and a louder exhaust system.

BMW X1 at the Paris motor show 2008

By Ben Barry Motor Shows 02 October 2008 16:03 The new X1 and 7-series were the stars of BMW’s Paris stand, but there were plenty more treats for showgoers, including the subtly revised 3-series saloon and Touring – the Efficient Dynamics-fettled 3 now boasting the lowest carbon emissions in its class. The X1 is BMW’s smallest off-roader, sitting below X5 and X3 – and, let’s not forget, above the soon-to-be-production-ready Mini Crossover Concept. In the metal it doesn’t actually look much smaller than the X3, but it does look a hell of a lot lower.