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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.

Artist Barry Rowe produces Pebble Beach concours poster

Automotive Fine Arts Society member Barry Rowe has produced the poster art for the 2011 Pebble Beach Concours d'Elegance, set for Aug. 21. Rowe's artwork features the Mercedes-Benz No.

BMW 1 Series dead in US after 2013

With its successor set to bow at the Detroit Auto Show in a couple of months' time, word's come down from BMW that 2013 will indeed be the end of the line for the BMW 1 Series — at least in the US. It will remain available elsewhere in the world as a three-door and five-door hatch. The coupe and convertible, meanwhile, are being replaced by the 2 Series, in convention with BMW's new naming scheme.