1970 Cougar Mustang Power Steering Control Valve To Cylinder Hose Concours on 2040-parts.com

Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.

Bring A Trailer: Renault R5 Turbo 2

We can confidently say that you will never find a Renault R5-based, U.S.-market Le Car that will beat this real R5 Turbo 2 from our friends at BringATrailer.com. This 1984 version is said to have its original paint, less than 22,000 miles and a current—legal—California registration. The Renault R5 hatchback debuted in December 1971 as a 1972 model.

Win an internship in VW's design contest

Volkswagen is offering students a chance to design a video game car for a contest. Three winners get a six-month internship at the VW design department in Wolfsburg, Germany. Students working in fields of interior and exterior design, interface design, graphic design and color and trim design can submit concepts.