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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.

Goodwood Revival 2009: the first details

By Freddie Fulton Motor Shows 10 August 2009 14:22 Mini turned 50 recently, and the celebration of its engineering achievements continues at the Goodwood Revival in September 2009.  Huge numbers of pre-1966 Minis are expected on track, bringing their owners and large numbers of enthusiasts with them.  Champions and role models such as five-time winner of Le Mans Derek Bell will be racing, as well as Jackie Oliver, Bobby Rahal, Anthony Reid and Brian Redman.  You can also hope to see ‘The Rally Professor,’ Rauno Aaltonen, who won the Gallaher 500 touring car races in a Mini Cooper S.  Other Mini legends will include Sir John Whitmore, Alec Poole, Warwick Banks, John Fitzpatrick, Richard Longman and Barrie ‘Whizzo’ Williams.  We at CAR are most looking forward to when a full 30-car grid, largely composed of 1275cc Mini Coopers, will compete in a race that is promised to be ‘the most closely fought race in the Revival’s history.’ That’ll be the St Mary’s Trophy saloon car race packed with cars that raced before 1966. Each day, a tribute parade of Minis will lap the circuit and show off some of their retro glory.  Expect some Mini curios: an ice cream van is expected, as well as a Wildgoose camping Mini and other modified models. Some of these ‘Mini cousins’ will include the ‘Riley Elf’ and ‘Wolseley Hornet’ variants, which are noted for their reshaped boots and narrower front grilles.

First Sight: BMW 3 Series Coup�

BMW have released photos of the new 3 Series Coup�, which goes on sale in most markets this summer. Based on the new E90 3 Series launched last year, the third generation of compact coupe marks the introduction of the first ever twin-turbo petrol-powered engine in a production BMW as well as pioneering Direct Injection technology. Specification Two models will be available at launch.