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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.

VW E-Bugster concept unveiled at 2012 Detroit show

Volkswagen has designs on expanding its Beetle family - and the new 2012 VW E-Bugster gives us a few clues to what's in store. As the name suggests, the E-Bugster is an electric Beetle, showcasing Wolfsburg's new e-powertrain coming to the Golf and other family members sooner than you might think. The Golf Blue-e-motion goes on sale in 2013.

General Motors emerges from bankruptcy

A historic fresh start for General Motors began today, as the remade company has emerged from bankruptcy with fewer brands, factories and workers. The No. 1 U.S.