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Volkswagen Group takes over BlackBerry's European R&D center

The Volkswagen Group has taken over BlackBerry's European research and development center in Bochum, Germany. The center employs around 200 people who will transfer to the newly founded VW Group subsidiary, Volkswagen Infotainment GmbH. BlackBerry is in the midst of a global restructure, as it bids to move away from making smartphones and switch its business to software development.

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.

Audi will use E-tron name for electric cars

Audi plans to use the E-tron designation for its electric vehicles. Audi cars will carry the E-tron logo on their rear, similar to the way models now bear the "quattro" designation. Audi plans to produce an initial run of 100 units of its E-tron electric sports car at its factory in Ingolstadt, Germany, in 2012.