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Saab unions threaten bankruptcy action over unpaid wages

Unions at Saab, which is unable to pay wages to its workers, threatened today to start a legal process that could end in bankruptcy for the iconic brand. The IF Metall and Unionen groups said they would send a formal demand for payment on Monday if their members had not received their wages. "Then the company has seven days to react," IF Metall representative Veli-Pekka Saikkala told Reuters.

Peugeot 207CC

Following the 207 Epure concept shown at the Paris Motor Show, Peugeot has revealed the production version, the 207CC - though without the concept's fuel-cell powertrain. Succeeding the popular 206CC launched in 2001, the 207CC obviously doesn't differ much from the show car, which was the first model touched by Co-Director Peugeot Design Jerome Gallix.   Replacing the fuel cell is a range of IC engines; two gas and one diesel.

Camaro convertible to pace Indy 500

The 2011 Chevrolet Camaro SS convertible will serve as the official pace car for the 100th Indianapolis 500. This is the 22nd Chevrolet and the seventh Camaro to pace the Indy 500. The special-edition car goes to auction at Barrett-Jackson in Scottsdale, Ariz., on Jan.