Vintage Bakelite Champion Sparkplug Shift Knob Scta , Hot Rod . on 2040-parts.com

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.

BMW X1 US launch delayed – because the new X3 is so good

BMW X1 - not in the US until late 2012 It would have been inconceivable just a few years ago that there could ever be a market in the US for a car like the BMW X1. But times have changed and even Americans see the benefits of a (much) smaller SUV, so BMW was originally planning on launching the X1 in the US around now. That X1 launch got put back until later in 2011 because the Leipzig plant – which builds the X1 – was running at capacity to meet the demands from Europe.

Toyota EV: Toyota iQ-based electric concept at Geneva

The Toyota iQ-based Toyota EV Prototype It’s well-known we hold no truck with the motor industry trying to portray the electric car as a replacement for the ICE car. It’s palpable nonsense. But a compact electric car with a short city range – now that floats our boat.