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Saab seeks court protection from creditors

Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.

Do you own an iconic car? Would you like to feature in CAR magazine?

By Tim Pollard Motoring Issues 19 June 2014 14:49 Do you own an iconic car? Perhaps you own a mint original Mini or a landmark supercar? CAR magazine wants to hear from you.

Volkswagen Jetta gets a small facelift – debuting at New York Auto Show

The VW Jetta gets a minor facelif It’s three years since the current VW Golf with a boot – the Volkswagen Jetta – arrived, so it’s time for a nip and a tuck to keep it relevant. Volkswagen are planning to roll out a facelift for the Jetta (above) at the New York Auto Show in a few days time and, although this is the North American version of the Jetta, the European tweaks will be much the same. That means an improvement in aerodynamics – by 10 per cent, say VW – with stop-start and low rolling resistance tyres to help economy too, a new nose with new grill, new bumpers and integrated fogs.