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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.

Ford EcoSport for Europe heading for Geneva 2013

The Ford EcoSport – a butch little SUV based on the Ford Fiesta – is heading for a European reveal at the 2013 Geneva Motor Show. The new EcoSport arrived in Delhi last year as Ford’s take on the funky little urban warrior market – think Nissan Juke – and it looks a properly purposeful little urban runaround, with its butch stance and statement grill. We thought when the EcoSport launched in India that it seemed more than likely that Ford would start to market the EcoSport in Europe, and last September – at Ford’s ‘Go Further’ event in Amsterdam  Ford confirmed the EcoSport would arrive in the UK and Europe, and now it’s heading for a European debut at next month’s Geneva Motor Show.

Workers misspell 'bus' on road markings

WORKMEN have given road users something to chuckle about by misspelling the word 'bus' during roadworks. "Bup stop" was painted on to the road surface in Bristol in large yellow lettering at the end of last week, with the stencilled letter P used instead of S. The mistake was made as part of road repairs which are likely to last up to four weeks in the Old Market area of the city centre.