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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.

Father and son make dream Mustang road trip--to the Woodward Dream Cruise

As a boy, Joe Cram dreamed of the day when he and his father, Ralph, would make their great American road trip. The ride was going to be their project 1968 Ford Mustang convertible. Unfortunately, because of economic circumstances, the car was sold before completion, seemingly putting an end to their shared dream.

Audi A3 Saloon arrives in the UK from £24,275

The Audi A3 Saloon (pictured) arrives in the UK Audi isn’t afraid of covering every possible niche in its ambition to be the world’s top ‘Premier’ marque, so we now get a third body shape for the new A3 – the Audi A3 saloon. Designed to sell in markets that prefer a traditional 3-box car to a hatch – like the US and China – Audi still believes there’s a market for an A3 with a boot in the UK, so the new A3 Saloon arrives on sale with a choice, at least initially, of three engines – two petrols and a diesel. Cosmetically, apart from the addition of a boot, the A3 Saloon gets more pronounced curves, bigger wheel arches, new shapes on the bonnet, new bumper, new lights and a boot spoiler.