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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 S-Class Plug-in Hybrid revealed for Frankfurt 2013

We’ve driven the new 2013 Mercedes-Benz S-Class already this year (and loved it), but now the ‘best car in the world’ has added another feather to its cap. The German firm has released details of a super-high efficiency version of its S-Class saloon called the S500 Plug-in Hybrid, ahead of the car’s debut at the 2013 Frankfurt Motor Show next month. It goes on sale in the UK in 2014, and its vital statistics are absolutely astonishing.

McLaren P13 set to arrive in 2014

The next new car from McLaren – codenamed P13 and set to take on the Porsche 911 and Audi R8 – now looks set to arrive in 2014. McLaren’s plans for a new range of road cars have been in play for a number of years, and we initially expected the 12C to arrive first to take on the Ferrari 458, which it did, followed by a cheaper McLaren set to take on cars like the Porsche 911 and Audi R8. We got the McLaren MP4-12C (which McLaren now like us to call the 12C) followed by the 12C Spider – just as we first thought - but it seems McLaren was under pressure from its new dealer network to get the replacement for the legendary F1 out next, so McLaren switched tack and delivered the new McLaren P1.