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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.

Mitsubishi Lancer EVO X FQ330 SST launched

Mitsubishi has launched the Mitsubishi Lancer EVO X FQ330 SST [ad#ad-1] Mitsubishi has decided that there is a hole to fill in its Evo X range, so it has introduced the Mitsubishi Lancer EVO X FQ330 SST, to fit in between the FQ300 and the FQ360. The Mitsubishi Lancer EVO X FQ330 SST offers an increase of 29bhp over the FQ330, and features Mitsubishi’s new six-speed Twin-Clutch Sports Shift Transmission, which translates in to a 0-60 mph time of 4.4 seconds. The additional power on the FQ330 comes from a re-mapping of the ECU and improvements to the intake and exhaust to make the Evo breathe more easily.

Honda's eco-friendly Paris stars

By Nick Eaton First Official Pictures 11 September 2008 12:30 Honda will have three world debuts at the Paris motor show in October 2008, including the new Insight concept (claimed to be the world's most affordable hybrid) and a revised Civic Hybrid. Paris also marks the world debut of Honda's new iDTEC automatic gearbox and the European premiere of the Jazz. Scroll down the page to the embedded video player to watch CAR's new video road test of the new Honda Jazz