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Swedish court rejects Saab creditor-protection plea; Saab will appeal

A Swedish court on Thursday rejected an application by ailing carmaker Saab for protection from creditors to give it breathing space to solve a cash crisis and get funds from Chinese investors. The Vanersborg district court in western Sweden said in a statement on its Web site that there was no reason to believe a new creditor protection process, known as a reconstruction, would work. Saab said in a statement that it is disappointed with the ruling and will appeal the decision.

New Mercedes ML to be the Mercedes GLE

The Mercedes Concept Coupe (pictured) will arrive as the Mercedes GLE Coupe Car makers’ model ranges have grown massively in recent years and that, in a lot of cases, has left traditional model designations floundering to inform potential buyers. Mercedes has made some moves of late to address the lack of clarity in model designations (the Mercedes CL, for example, has become the new Mercedes S-Class Coupe), and new models have started to arrive with more descriptive names. Models like the CLA (a coupe from the A-Class range) and GLA (an SUV/Crossover from the A-Class range) and that looks set to be extended when the next Mercedes ML and ML Coupe arrive in 2015.

Toyota to recall 1.1 million Corolla, Matrix models prone to stalling

Toyota Motor Corp. today issued a recall of 1.1 million Corolla and Corolla Matrix vehicles from the 2005-08 model years after more than 1,000 complaints of stalling. In a statement, Toyota said it was addressing some engine control modules that may have been improperly made.