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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.

Saab 'to enter the WRC in 2012' with new 9-1

Saab is rumoured to be returning to rallying after a long hiatus. The new owners of Saab have reportedly been in negotiations with the organising body behind the World Rally Championship and hope to sign a deal to compete with their upcoming 9-1 small car.After the mass departure of many of the main players a few years ago, the WRC looked down and out. However, the 2012 season is shaping up to be a return to form.

Jaguar’s 2013 Mille Miglia adventure – photos & video

David Gandy & Yasmin Le Bon cross the Mille Miglia finishing line in a Jaguar XK120 David Gandy & Yasmin Le Bon cross the Mille Miglia finishing line in a Jaguar XK120 Jaguar have been off playing at the 2013 Mille Miglia, and we have pictures and video of their outing with a pile of famous faces – and an F-Type or five. We’re pretty sure the Jaguar entries for the 2013 Mille Miglia were all about celebrating Jaguar’s great history in the original Mille Miglia event. And there’s plenty to celebrate and great historic Jaguars to show off too, like the XK 120 and the C Type.