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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.

Chinese Grand Prix qualifying: Hamilton takes pole for Mercedes

Lewis Hamilton has grabbed his first pole position for Mercedes for tomorrow’s Chinese Grand Prix, with team mate Nico Rosberg in fourth putting second place Kimi Raikkonen in the Lotus and third place Fernando Alonso in the Ferrari in a Mercedes sandwich. Felipe Massa takes fifth in the second Ferrari and Grosjean sixth in the second Lotus with the Toro Rosso of Ricciardo in seventh, but it’s behind that the things get more interesting, especially in a race context. Behind the leading seven are Jenson Button in the McLaren and Sebastian Vettel in the Red Bull, but both are on different strategies to the rest of the leaders and will start tomorrow’s race on the medium tyres they used for final qualifying instead of the soft tyres.

New Jaguar XJ – Tease #973!

The new Jaguar XJ features a strong and light aluminium bodyshell This time we’re on sustainability. Yipee! But actually, it’s not as boring as it sounds.