Land Rover Series 1 2 2a Reverse Gear Cluster And Shaft Part No. 217389 06424 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.

One Lap of the Web: Semi-truck drifting, quintessential British cars and Jay Leno's Garage

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. -- When you think of Gymkhana, you normally just think of Ken Block ripping up streets with a Ford Fiesta.

One-off 1990 Corvette ZR-1 Spyder saved from sinkhole; video shows extraction

You'll have to excuse the National Corvette Museum's timing -- museum staff are excited to report that a one-off 1990 Corvette ZR-1 Spyder has just been pulled from the sinkhole that opened up beneath the show floor in February, and they want you to know that this isn't some sort of cruel April 1 hoax. Don't believe us? Just watch the video below There hasn't been much headline-making news out of the Corvette museum since the 1 millionth Corvette built was saved from the sarlacc pit in early March, bringing the number of cars returned to ground level to five.