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Italian design house Bertone nearing bankruptcy

The Italian design house Bertone is reportedly nearing bankruptcy again, according to a report from Autocar. The carrozzeria has experienced financial problems in 2008 and 2013, and even though it generated more than €20 million, or approximately $28 million, last year, the company reportedly laid off 160 employees recently. At least 30 workers who have been laid off have taken action against the company, seeking to recover monies owed to them.

Saab struggles with bills – Vladimir says it’s all fine

The Saab production line grinds to a halt as components run out I think we all hoped that after the long, painful transition from GM ownership in to new hands at Spyker that things would settle down and Saab would get back to making cars instead of headlines. But it seems not. Just a few days ago we had news that lifetime Saab man and CEO of Saab Jan Åke Jonsson is to step down in May, together with the news that Saab lost €140 million in 2010.

Qoros 3 first Chinese five-star safety car

Qoros has become the first Chinese car brand to receive a five-star crash safety rating from Euro NCAP. The Qoros 3 small family saloon scored highly across all categories, and even performed well in the tricky side pole impact test. In fact, according to Qoros, the Qoros 3 has the “best overall performance” of any car tested by Euro NCAP so far in 2013.