1960 Corvette 283 Engine Block Casting 3756519 on 2040-parts.com

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.

Winners of Australia's 2011 Target 2030 design competition revealed

The winners of the 2011 Target 2030 ‘Design the Car of the Future' competition have been announced. The Victorian Automotive Chamber of Commerce (VACC) presented the winners of the Australian design competition with their Target 2030 Plaque and winner's check at a presentation ceremony at the Australian International Motor Show at the Melbourne Exhibition Center. There were three categories within the competition: model-making, design and essay.

Jaguar tops J. D. Power Survey again in 2013

Even though the Jaguar XF actually slipped from 2nd to 3rd in the top cars section (although it was the ‘Best Executive Car’), behind the Skoda Superb and Skoda Yeti, it received five star ratings for performance, service and running costs and owners rated it as ‘Excellent’ across all categories. And it was more good news for Jaguar Land Rover as Land Rover was rated the most improved brand in 2013, jumping in to the top ten (in 6th place) for the first time, with Freelander owners noting an improved dealer experience and Discovery owners reporting 30 per cent fewer faults – and actually leading the SUV sector for reliability. That’ll help the still lingering perception that JLR’s cars can be ‘fragile’.