1994 Sport Jet 90 Cylinder Head on 2040-parts.com

Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "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," Saab's Dutch owner, Swedish Automobile, said in a statement.

Bristol Cars collapses into administration (2011)

Bristol Cars has collapsed into administration, it emerged overnight. The curio car maker from Bristol just couldn't make ends meet as sales dried up and the company's directors were forced to call in the administrators when it couldn't afford to keep the business alive. Recovery specialists RSM Tenon are handling the administration and hope to find a buyer for Bristol as a going concern.

Chevrolet Miray (2011) concept first official pictures

Chevrolet has unveiled the Miray hybrid speedster concept today at the 2011 Seoul motor show in Korea. Created as a Chevrolet centennial celebration and marking increased globalisation of the Chevrolet brand, the new two-seater Miray concept looks set to be the star of the 2011 Seoul motor show. Why on earth wasn't the Chevrolet Miray at the 2011 Geneva motor show!? Good question. The exciting-looking Miray would certainly have drawn a larger crowd than the Cruze hatchback. But don't forget that GM Korea (formerly Daewoo, and bought by GM in 2001) develops many of Chevrolet's products these days.