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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.

Kia preparing a range of sporting models

Kia is quietly readying a string of sportier models to pep up its humdrum image, CAR has learned. The burgeoning sports car plan is likely to sire everything from hot hatches to standalone sports cars. On our trip to Korea this week, sources at Kia HQ confirmed a range of performance models, designed to mix some excitement into a brand that now commands respect from mainstream buyers after its crawl upmarket to the volume market alongside Europe's mass-market brands.

Aston Martin V12 Vantage – No longer a Limited Edition + V12 Vantage Video

The Aston Martin V12 Vantage - now a regular AM model We love the Aston Martin V12 Vantage, even though we’ve only actually driven the V8 Vantage (4.3 & 4.7 versions). But we know from the difference the 4.7 made to the V8 what a great car the V12 must be to drive. And we’ll get our hands on one at some point soon.