Front Steel Sprocket 14t on 2040-parts.com

Bertone looking for buyers as bankruptcy nears

Italian design house Bertone has confirmed it entered bankruptcy proceedings in Italy, The Telegraph reports, amid recent reports that it laid off a significant percentage of its workforce. A spokesperson for the struggling company told The Telegraph that the company is searching for a buyer. "The problem is many debts and very high costs.

Ferrari P4/5 designer Castriota heads to Saab

Jason Castriota, the noted designer who created the Ferrari P4/5 and the Maserati GranTurismo, is taking his talents to Saab. He will be in charge of design for the Swedish automaker as it looks to develop a new image after being sold by former parent General Motors, Bloomberg News reports. Castriota will work on developing an upscale model of the 9-3 and will try to bolster Saab to better compete with BMW and Audi.

Mercedes E-class Cabriolet at Detroit motor show 2010

Here's our first look at the new Mercedes E-class Cabriolet, unveiled at the 2010 Detroit Auto show. It's the fourth addition to the E-class range, and as with the latest E-class Coupe, the new drop-top replaces the old CLK. The new E-class Cabriolet shuns a hard-top and continues to favour the more traditional folding fabric arrangement - the hood can be opened or closed in 20 seconds at speeds of up to 25mph.