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.

Saab: Forget Pang Da – now it’s Bank of China

Saab - is the Bank of China the White Knight? It’s reported that Victor Muller has now put together a new deal to ‘Save Saab’, involving Youngman and Saab plus the Bank of China. In yet another new deal for Saab, it’s reported this morning that Victor Muller has now put together a new deal to try and save Saab from its (still) imminent desire.

Toyota FT-86 II: The second coming of the Toyobaru FT-86

Toyota FT-86 II Tease Just last week we finally got the first concrete news on the Subaru half of the Toyobura project that seems to have been bouncing around forever. Well, certainly since Toyota first rolled out the Toyota FT-86 Concept at the Tokyo Motor Show in 2009. Which made is believe that the whole Rear-Wheel Drive Sports Car Technology Concept designed to deliver an affordable, traditional-style rear-wheel drive sports car at a sensible price (when we first saw the Toyota FT-86 we were told around £17.5k ) was finally going to bear fruit.