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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.

Bank holiday travellers face delays

DRIVERS will face congested roads as millions move off on a bank holiday weekend promising to be a mixture of sunshine and showers. The Highways Agency has completed a number of roadworks and suspended others over the holiday, but works remain on some key routes. The AA and traffic information company Trafficmaster have predicted that as many as 17 million cars could take to the roads over the weekend, with numbers swelled by a series of sporting events, music festivals and air shows.

Caterham Seven (2006): first official pictures

By Ollie Compton First Official Pictures 24 October 2006 12:47 Caterham Seven: the lowdown Caterham has kicked out the K-series, replacing it with a tuned 1.6-litre Ford engine for the next generation Seven sports car. The Sigma engine – used in the Fiesta and Focus – is available with two outputs: 125bhp in the Roadsport (pictured), or 140bhp in Superlight trim. A third engine with around 160bhp will follow in spring 2007.