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Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.

BMW M3 GTS Revealed +video

The new BMW M3 GTS - launches in May 2010 The idea of the stripped out and very quick M3 has been on the cards for a while. Rumours went round about an M3 CSL or an M3 GT. But now we know.

30 years of Seat Ibiza, yet the design compromises sound familiar

Over four model generations and thirty years, the Seat Ibiza's design has been overseen by some influential people; Giorgetto Giugiaro, Walter de Silva and Luc Donckerwolke shaped the Ibizas of the past, while the facelift of the most-recent model is the first to receive input from current Seat design director, Alejandro Mesonero-Romanos. Volkswagen has been the majority shareholder of Seat since 1986, taking full control in 1990. In that time, despite the designers who have passed through its doors, the brand has struggled to find its position within the Group.