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Bankruptcy looms for cash-starved Saab

The future is growing dim for Saab. Reports from Europe say the Swedish courts might soon declare Saab bankrupt--possibly as soon as Wednesday--because the company is out of cash. Saab recently won court protection from its creditors while it waited for funds.

GM reveals new, highly modular Ecotec engine family

GM introduced its new modular family of Ecotec engines on Wednesday at its powertrain headquarters in Pontiac, Mich. The new, reduced-in-size three- and four-cylinder mills will replace three of GM's current engine families, eventually making their way into five of the company's brands. The Ecotec family will eventually spawn 11 engines in total, ranging in displacement from 1.0 liter to 1.5 liters.

New Audi A1 Sportback: The Five-Door A1 arrives for 2012

Audi reveals the new A1 Sportback 5 Door With almost two years of sales of the ‘Only Premium Car in its Class’ (Audi’s assertion), Audi has revealed the more practical version of its smallest car – the five-door Audi A1 Sportback. Visually, the five-door A1 looks just the same as the three-door A1 – with the obvious addition of a pair of back doors – but Audi has managed to 6mm in height and width which, they say, improves room in the back. Which it may, but as the length and wheelbase remain the same it won’t do anything for legroom.