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Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.

SEAT Mii (2012) – SEAT’s VW Up! – arrives

SEAT Mii Volkswagen are making sure the development costs of the new VW Up! City car get covered as quickly as possible, with not just the VW Up! hitting the markets in 2012 but the Skoda version – the Skoda Citigo – bowing in too.

Porsche Panamera Convertible coming

Porsche are planning a 2 door Panamera Convertible That new Porsche 928 now looks an even more likely possibility after Automotive News reported that Porsche are looking to make a convertible Panamera. But it won’t be a four door convertible, but a two door. The report says that is to help with rigidity (we buy that) and to keep weight down (yeah, just like they have on the saloon), but what it does mean is that Porsche could easily engineer a fixed-roof, shortened Panamera to create a high-end GT in the style of the 928.