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Saab files for bankruptcy: the end of the Swedish saga

Saab has reached the end of the road - for the second time in two years, just before Christmas. Parent company Swedish Automobile today announced that Saab had filed for bankruptcy. Owner and acting CEO Victor Muller had been trying to sell Saab as a going concern and had come close to signing a deal with Chinese car makers Pang Da and Youngman, but the deal was blocked by former owner General Motors which feared its technology - powering the new 9-5, plenty of the 9-3 range and the 9-4X - would fall into opposition hands in China.

2015 Subaru WRX revealed ahead of LA Auto Show

Subaru's 2015 WRX model is slated to make its world debut at the LA Auto Show, but we're getting an advanced look a the enthusiast favorite thanks to a brief teaser video and what may be a leaked image of the sedan making the rounds on the Web. The Japanese automaker has kept the new WRX pretty tightly under wraps. Besides the WRX concept we saw at the New York auto show , Subaru has released little more than a seven-second teaser video.

Tom Cruise drives Red Bull F1 at Willow Springs Raceway +video

TC gets tips from DC In case you hadn’t noticed, F1 is heading back to the U.S. and Red Bull are in the States in the F1 summer break glad-handing the locals. Just this week we had DC driving the Red Bull off-road in Texas, and now the team have decamped to California and found themselves a rookie driver – a certain Mr Tom Cruise.