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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.

Lotus offers supercharger kits for the Elise and the Exige

Lotus enthusiasts looking to wring a little more power out of their rides now have a potent option: a supercharger kit for the Elise and Exige models. The kits boost power in the naturally aspirated versions from about 189 hp to 218 hp and improve torque from 133 lb-ft to 155 lb-ft. Even better, this added power comes on quicker, with peak torque coming on at 5,000 rpm, rather than 6,800 rpm.

Car 'not at fault' in Paul Walker crash

INVESTIGATORS have found no evidence that the Porsche carrying actor Paul Walker had mechanical problems before it crashed, killing the Fast & Furious star. The investigation also ruled out debris or other road conditions as causing the car in which Walker, 40, was a passenger to slam into a lamppost and tree and burst into flames. "We're looking at speed and speed alone," a law enforcement source said.