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Range Rover Sport SVR Prototype revealed as most powerful Land Rover ever (video)

The new Range Rover Sport SVR Prototype (above) is heading for Goodwood What were Land Rover to call the new, powerful, range-topping Range Rover Sport from the new Special Operations division, we wondered. Well, wonder no more – it’s the Range Rover Sport SVR. The Range Rover Sport SVR has been revealed – in prototype form and still sporting camouflage – ahead of an appearance at this weekend’s Goodwood Festival of Speed where it will flaunt its ‘work in progress’ prowess up the Goodwood hillclimb.

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.

Ford sends Mustang, Edge to Europe

Ford plans to export the Mustang to Europe, and it will likely be the next generation of the famous pony car due within a couple of years. It has also shown redesigned compact and full-size vans it will sell in the United States by 2014. The automaker also showed a lightly restyled Fiesta and a high-performance ST model that go on sale in Europe later this year.