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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.

Audi A3 Clubsport Quattro Concept gets 518bhp – heading for Worthersee

The 518bhp Audi A3 Clubsport Concept (pictured) is heading for Worthersee The Worthersee Show is looming at the end of May, and we can expect some extreme and mad concepts from the VW Group queuing up for attention. And among those will be this, the Audi A3 Clubsport Quattro Concept. Based on the Audi S3, the A3 Clubsport eschews the S3′s 2.0 litre TFSI in favour of Audi’s 5-cylinder 2.5 litre, and in the A3 Clubsport the wick gets turned up considerably to 518bhp and 442lb/ft of torque.

Jaguar Land Rover: LIVE reveal from Geneva

Jaguar Land Rover Press Conference LIVE from Geneva 2011 Just in case you’ve been lurking in an cave for the last few weeks, we’ll remind you that the 2011 Geneva Motor Show is but days away. And that means lots of car news, as you may already have realised. Which also means that, although we’ve already managed to bring reports of far more than the car makers would really like, we get a live reveal of new cars – always a bit of a buzz.