Cali Offroad Anarchy Wheel - 9103-2978m 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 Museum hosts Colección Goméz

The Porsche Design Museum is opening a new special exhibition today, September 20th. Called the ‘Colección Goméz' the museum will display 24 works of art created by 19 South American artists who have used Porsche 911 GT2 hoods pressed into service as a ‘canvass'. The new exhibition is the brainchild of Jorge Gómez, both an art lover and big fan of the Porsche brand.

Volvo celebrates the seatbelt’s golden anniversary

By Freddie Fulton Motor Industry 12 August 2009 10:11 Today marks the 50th anniversary of the three-point seatbelt. It was patented by Volvo engineer Nils Bohlin in 1959, but the Swedes magnanimously opened up the tech to other car makers as they saw the real-world safety benefit of seatbelts in all cars. The design was so effective that in Germany the patent registrars listed it in the top eight inventions which have made an impact from 1885 to 1985.