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Ford, Lawrence Tech offer design scholarships

The next Camilo Pardo might hail from Lawrence Technological University. In the Designing for the Future contest, Ford Motor Co. and Michigan's Lawrence Tech are challenging high school seniors to compete for more than $75,000 in scholarships to the school's transportation and industrial-design programs.

First Sight: Holden Torana concept

Holden has stolen the limelight at the opening of the Australian International Motor Show in Sydney, unveiling a ground-up concept car dubbed the Torana TT36. The concept revives a famous Australian nameplate from the 1970s - appropriate since, like the original Torana, it features rear wheel drive and a six cylinder engine. That's where the similarities end, however, as the new Torana's engine is an experimental 280kW/490Nm twin turbocharged version of the new global V6 Holden has begun manufacturing for various parts of the GM world and which will eventually be used by Alfa Romeo.

Saab gets approval for voluntary reorganization on appeal

...and Victor Muller smiles Victor Muller never says die, and the news that Saab has, after all, been granted the right to court protection from its creditors for a period of reorganisation has vindicated his stubborn refusal to give up on Saab. The Court of Appeal in Gothenburg has this morning overturned an earlier judgement by the District Court in Vänersborg which rejected Saab’s application to get the court’s protection during a period of ‘reorganisation’, which you can read as ‘Waiting for the dosh to arrive from China’. The news last week that Rachel Pang – a director of Pang Da, one of Saab’s putative investors – has come out in a very bullish way about the prospects for the investment by Pang Da and Youngman getting the final rubber stamp from China’s NDRC in Beijing won’t have harmed Saab’s case one bit.