Cardone Brake Master Cylinder 11-2840 on 2040-parts.com

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.

William Clay Ford Sr.'s death: Leaders and sports world react

William Clay Ford Sr., who died on Sunday at the age of 88, served in numerous positions at the Ford Motor Company, including 32 years as chairman of the Design Committee, and became chairman of the Executive Committee in 1978. Comments on the death of Ford, the last surviving grandchild of automotive pioneer Henry Ford and owner of the NFL's Detroit Lions: "The Fords are among Michigan's iconic, founding families, and he was an innovator in the family tradition as well as a strong leader. Like his grandfather, he was passionate about automobiles and the auto industry, the city of Detroit and his family.

Mazda previews the next 2 with the Hazumi concept

Mazda's Hazumi concept looks like a ferocious little rodent, an aggressive lil' gumball of a mini car that's set to replace the Mazda2. Imagine the drooping snout of the Mazda3 (not a "Droopsnoot," mind you) on a car far shorter than that. Imagine the same character lines, the same upward kink over the rear wheel, the same haunches as the 3 and the 6.