Clutch Pressure Plate Exedy Hcc919 Fits 00-04 Honda Insight 1.0l-l3 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.

Fisker Automotive: The road less traveled for hybrids--in style

Fisker Automotive is taking a reverse approach to hybrids. Traditionally, green machines have been small fuel-sippers that hardly quicken the pulses of enthusiasts. Not so fast, says Henrik Fisker, CEO of the startup automaker and a designer who made his mark with eye-catching products at Aston Martin and BMW.

We ride in the Icon Thriftmaster

If you don't know, a stock 1950 Chevrolet "drives like s--t," says Jonathan Ward, the CEO of Icon, who actually met his wife Jamie while restoring a Chevrolet pickup. "Archaic. I restored a few back in the day, back when I was still calling it a hobby." That's why Ward doesn't build stock 1950 Chevrolets.