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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.

Study finds teen drivers need more time in adverse conditions

Practice might make perfect, but not if the drills never change. In a study organized by the AAA Foundation for Traffic Study and the University of North Carolina Highway Safety Research Center, participating teen drivers averaged about an hour and a half of supervised driving each week--mostly on routine trips along the same roads. At the end of the year-long study, 47 percent of parents said there was at least one driving condition they felt their student wasn't prepared to handle.

Mini electric test delayed by surge of applicants

Mini USA is taking longer than expected to select 450 lessees for its electric car because of the deluge of about 1,800 applicants. Drivers who are chosen are expected to get cars in April. The program originally had been expected to begin at the start of the year.