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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.

New Jaguar XE launch – watch it LIVE on Cars UK

New Jaguar XE launch – watch it LIVE on Cars UK (below) The new Jaguar XE launch is finally upon us, and you can tune in to Cars UK live at 7.15pm UK time (2.15pm EDT) to see exactly what Jaguar’s take on the BMW 3 Series has to offer. Despite tonight being the official reveal, we already know quite a bit about the new XE. Underpinning the new XE will be Jaguar’s new aluminium iQ Al platform – which will also underpin the Jaguar SUV when that arrives – promising less weight than the 3 Series and better economy thanks to its lower weight.

Nissan Note [w/Video]

Nissan has unveiled initial details of its new Note at a world premiere held at the Osanbashi venue in Yokohama. The B-segment MPV's exterior features a number of familiar Nissan design characteristics, including the combined grille/lamp DRG and 'squash line' side eature line, first seen on Pivo 3 concept. The project was led by product chief designer, Atsushi Maeda.