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Saab files for reorganization, seeks $1 billion to survive
Fri, 20 Feb 2009Saab 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.
Renault Formula E racer (2013) at Frankfurt motor show
Wed, 11 Sep 2013Formula E, the new elite racing series for electric single-seaters, has got the FIA’s backing, confirmed the major cities that will host the races, and now we've finally seen the crucial racecar. This is the Spark-Renault SRT_01E, a joint project developed between Renaultsport and Spark Racing Technology (SRT) which has just been unveiled at the 2013 Frankfurt motor show. There’s also been input from F1 legends Williams and McLaren, plus Dallara (which builds all the cars for the IndyCar series in the US).
BMW M3 Limited Edition 500 – price from £55,690
Thu, 01 Mar 2012The BMW M3 Limited Edition 500 is the last hurrah for the current M3 in the UK To coincide with today’s launch of the ’12′ plates, the BMW M3 Limited Edition 500 has been revealed as coupe or convertible. Costs from £55,690. The BMW M3 Limited Edition 500 has been announced by BMW today, a cosmetic job on the current M3 and available as a coupe or convertible.