Saab needs $1 Billion to reorganize

GM’s Swedish Saab division today received approval for reorganization in Sweden, saying that they’d need $1 billion to become self-financing. The Swedish process for reorganization requires companies to apply and subsequently be approved, though approval is given only to companies likely and expected to succeed in their plans.

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2010 Kia Soul First Impressions

Kia’s introduction of the Soul signals a significant change in the way Kia intends to do business. The Soul is an in-house effort with its own platform and an edgy design that really catches your eye. The other thing that is going to catch a lot of eyes in our current economy is the base price of $15,495 with a 1.6-litre four and a five-speed manual gearbox. At the top end, the price goes to $21,995 if you get the Soul “Burner” with a four-speed automatic and the DOHC 2.0-litre four.

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