Flowmaster 15903 Universal Tailpipe Kit 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.

Jaguar Reveals Hot Cat With A Tin Roof

WITH interest still high regarding all thing F-Type, Jaguar is doing its upmost to keep the excitement at fever pitch with the release of an image of its hotly anticipated coupe variant. Expected to make its public debut at the forthcoming Los Angeles Motor Show, the tin-top version of Jaguar compact sports model promises to be as equally dramatic in the metal as its convertible cousin. Details are scarce ahead of its show launch, however it’s expected that the coupe will be available with the same three engines as the drop-top model.

Wiedeking to be offered $140 million to quit Porsche, report says

Porsche CEO Wendelin Wiedeking could be offered a $141 million (100 million euros) payoff to quit the sports car maker to make way for a merger with Volkswagen, Germany's Sueddeutsche Zeitung newspaper reported Friday. The newspaper said Wiedeking has been visited by Porsche Chairman Wolfgang Porsche in the past few days, who “made it clear” that the embattled CEO should step down. Wiedeking has come under fire for allowing Porsche's holding company to amass debts of more than $12.7 billion (9 billion euros) during a failed attempt to take over VW.