New Kimpex 317 Seatjack 2-up Mounting Kits on 2040-parts.com

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.

Pebble Beach: Tour Terrific

These ain't no trailer queens. While you might expect that a car that cost more than a million dollars to restore beyond its original glory would be something you'd keep in a sealed zip-lock freezer bag in the guarded basement of a museum, the vast majority of the entries in the Pebble Beach Concours d'Elegance are actually driven on the street. Or at least they are driven once before the big show.

Ford reaches agreement to sell Volvo to Geely for $1.8 billion

Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced onSunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.