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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.

Ariel's Atom returns faster than ever

BRITISH firm Ariel has announced an upgraded version of its sensational Atom sportscar that is faster than ever, making it one of the quickest cars on sale today. The Atom 3.5R showcases a number of upgrades over the outgoing model which contribute to the sensational performance. The 2.0-litre Honda V-TEC engine has had its supercharger revised to give 350bhp and over 240lb.ft of torque, while the gearbox is now a six-speed paddleshift system that can manage five downshifts in less than a second.

VW Jetta Hybrid unveiled at 2012 Detroit show

Volkswagen unveiled its second hybrid production car at the 2012 Detroit auto show: the new Jetta Hybrid, which goes on sale in November 2012. The hybrid Jetta is aimed predominantly at the north American market, although it is likely to be sold in other markets over the coming years. VW Jetta Hybrid: the technical lowdown The first hybrid from Wolfsburg was the VW Touareg, co-developed with Porsche and Audi.