Cardone Industries 27-6534 Remanufactured Steering Gear 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.

Fiat at the Geneva Motor Show – Abarth Punto EVO

The Abarth Punto EVO - Geneva bound Fiat’s hot Herberts – Abarth – don’t just have the Abarth 500C Convertible to stick on their stand at Geneva, they also have a tweaked and sorted Punto EVO – the Abarth Punto EVO – to get the attention of show-goers. The performance division of Fiat have stuck a bigger turbo on the Punto EVO which ups the output to 165bhp and drops the 0-60mph time to 7.7 seconds. But economy and emissions don’t seem to suffer with the EVO managing 47mpg and emissions of 142g/km.

Nissan LEAF £2500 UK price drop

Nissan has revealed that the LEAF EV will be reduced in price by £2500 with immediate effect and ahead of the launch of the uprated 2013 LEAF. The world hasn’t exactly fallen in love with electric cars, which has as much to do with the fact that an electric car, with its limited range, is never going to be a replacement for a normal ICE car. But compounding the impracticality of the EV as a replacement for the ICE car is the very high prices car makers are charging for electric cars, the sort of prices that mean buyers will probably find the ‘Cheap to Fuel’ EV a more costly option than fuelling a much cheaper comparable iICE car with petrol or diesel.