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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.

Lorenzo Ramaciotti to head Chrysler and Lancia design

Lorenzo Ramaciotti, current head of design at Fiat Group, has been tasked with leading the design of future Chrysler and Lancia products in a bid to more than double the sales figures of the newly collaborated brands. The 63-year-old former Pininfarina designer – credited to some of the most beautiful Italian machinery of the modern era – has been asked by Sergio Marchionne, chief executive of Fiat and Chrysler Group LLC, to create a common styling language for the two brands that wouldn't look out of place in Detroit or Milan. Ramaciotti has made it clear that badge-engineering isn't going to be the future for the two brands and is hoping to inject a unique, but global flavor, into the two brands.

2013 Chevy, GMC trucks recalled for roll-away risk

General Motors is recalling 69,000 2013 full-size trucks and vans that could shift out of “park” and roll away. The recall impacts the Cadillac Escalade; the Chevrolet Avalanche, Express, Silverado HD and LD, and Suburban and Tahoe; and the GMC Savana, Sierra HD and LD, and Yukon and Yukon XL. The trucks may have been built with a fractured park-lock cable, or a deformed steering-column lock-actuator gear in the lock-module assembly.