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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.

2015 Smart ForTwo and Smart ForFour teased in new video

The new Smart ForTwo and Smart ForFour (pictured) teased The new Renault Twingo has already been revealed, but the new Smart, which shares the majority of components, isn’t due to debut until the Paris Motor Show in October. But October isn’t that far away now, so Smart had released a teaser video for both the new Smart ForTwo and For Four as they build interest for the debut. The video was shot in Sweden where Smart are running camouflaged prototypes on test ahead of the launch, and the video allows the first look of the new Smarts on the move.

Why we won't be running CDNLive coverage from the Beijing motor show

Over the last couple of years we've grown our CDNLive motor show coverage from the world's most important motor shows, in an effort to bring you closer to all the new cars and news as well as highlighting some of the things you might miss. It's one of our the key content streams that we feel sets us apart from the deluge of auto show coverage. However as you can imagine it also takes a huge amount of time and effort, not to mention a good internet connection.