Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series on 2040-parts.com

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.

Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.

Volvo teases new Concept ES ahead of 2014 Geneva Motor Show

Volvo Volvo has released these mysterious teaser shots of its new Concept ES show car ahead of the 2014 Geneva Motor Show. Although largely covered in a dustsheet - annoyingly - we can still see the first details of the new car, which has the silhouette of a long shooting brake. It's also the first confirmation of the name of the car: Concept ES harks back to the 480 ES of the late 1980s, which gave Volvo a distinctive coupe with pop-up headlamps and an unusual rear end (see below).