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Autoweek in review: We meet LaFerrari, Corvette Stingray convertible at Geneva motor show

Monday morning was bustling at One Autoweek Tower, as information on debuts from the Geneva motor show flooded our inboxes. Important debuts included the Corvette Stingray convertible, Lamborghini Veneno and 2014 Porsche 911 GT3. Tuesday, we focused on Geneva as the Alfa Romeo 4C,Spyker B6 Venator concept and Ferrari LaFerrari exotic supercars were revealed.

Saab (NEVS) loses right to use Saab name – NEVS gets creditor protection

Saab (NEVS) loses right to use Saab name – NEVS gets creditor protection Just a few weeks ago we reported that Saab and its new owner National Electric Vehicles Sweden (NEVS) were once again up against it with an unpaid supplier filing for bankruptcy. Since the, Saab has been thrown a lifeline by the Swedish courts, and a big kick in the teeth by Saab AB. NEVS right to use the Saab name (although not the Griffin logo) was granted by the owners – the defence firm Saab AB – but in light of NEVS financial predicament that right has been withdrawn.

Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.