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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.

Mercedes-Benz F125 concept

Mercedes today revealed the F125 concept at the Frankfurt motor show. Claimed to represent ‘a radical reinterpretation of a sports sedan', the new car is also said to preview the next generation S-Class. Created in close collaboration between the technical research and development departments, as well as the Advanced Design Studios in Sindelfingen and Carlsbad, CA, Mercedes says the exterior design of the F125 is a further development of the company's current design strategy, with organic use of body surfaces, a cab-forward stance and short overhangs.

Ferrari Scuderia Spider 16M – Goodwood Hillclimb Video

The Ferrari Scuderia Spider 16M completed the Goodwood Hillclimb in just 59 seconds One of the major attractions is the Goodwood Hillclimb, where cars tackle a 1.16 mile uphill course through the Parklands of Goodwood House. Cars race along an avenue of trees, past the front of Goodwood House and up a steep estate road – lined with flint walls and woodland – to arrive at the finish on Goodwood’s Equine Racecourse, overlooking the South Downs. Practice takes place throughout the weekend, with up to 200 cars competing.