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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.

Porsche 911 GT3 R Hybrid race car revealed

Porsche will bring its latest hybrid know-how to the racetrack in the form of the new 911 GT3 R Hybrid, revealed here for the first time prior to a planned public premiere at the Geneva auto show in early March. Developed by a team of engineers at Porsche's Weissach R&D center, Porsche plans for the stripped-out race car to act as a rolling laboratory. The German carmaker wants to explore the potential of hybrid drivetrains in a racing environment before an expected announcement that it will return to the 24 Hours of Le Mans in a factory capacity, perhaps in 2012, with a race car boasting technology based on that used in the 911 GT3 R Hybrid.

Euro NCAP gets tough on whiplash

[ad#ad-1] As we reported a few days ago, the Renault Megane succeeded in achieving the joint highest ever score in the Euro NCAP tests. But as we noted then, this was the last bunch of NCAP tests under the existing regulations, and all changes from the New Year. As an introduction to the new tests, NCAP has just released test figures for whiplash testing on a group of 25 cars recently tested, and the results are rather enlightening.