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Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘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.

Daimler raises its stake in Aston Martin to 5%, as alliance deepens

By Tim Pollard Motor Industry 04 August 2014 17:42 Daimler has raised its stake in British sports car maker Aston Martin as the Anglo-German alliance strengthens, it emerged today. The Mercedes-Benz parent company grew its stakeholding by 1% on 31 July 2014, the company confirmed. Daimler now owns 5% of Aston Martin.

Pininfarina Air Flow helmet unveiled

This is Pinifarina's Air Flow, a special helmet created by the famed Italian design house for luxury lid manufacturer Newmax, and the star attraction on its stand at the Milan International Motorcycle Exhibition. Pininfarina is the same company that has penned the Ferrari 458 Italia and Maserati Granturismo. But while Pininfarina itself remains an automotive design company, its Extra Pininfarina arm has branched out into other projects, recently designing Coca-Cola drinks machines and the interior of Juventus's new stadium.