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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.

98% fear UK road safety not improving

Research conducted for the latest issue of the Auto Trader Owner’s Guide suggests that a staggering 98% of British motorists fear that the government is failing to improve safety on UK roads. Of the 3,000 drivers surveyed for the quarterly publication, 77% also want theory and practical driving skills to be taught in schools, while 60% are convinced the coming fixed penalty fines for careless driving will do nothing to benefit safety. Find out how much a used car costs on Auto Trader On Bing: see pictures of safe cars Going further, 81% felt the ever increasing rise of in-car gadgetry, including the ability to make hands-free phone calls and check social media sites such as Facebook and Twitter, represents a “hazardous distraction” to drivers.

Iowa distributes thumb bands imprinted with ‘TXTING KILLS'

Thumb bands that read “TXTNG KILLS” have been making their way around the state of Iowa, the Wall Street Journal reports. The bands--which are meant to serve as a reminder to avoid texting while driving--have been distributed at events such as the Iowa State Fair and the Iowa-Iowa State college football game. “A lot of people want them for their kids,” Courtney Greene, spokeswoman for Iowa's Department of Public Safety, told the Wall Street Journal.