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VW releases sketch of U.S.-made sedan

Volkswagen of America has released a sketch of its new mid-size sedan that will go on sale in the fall of 2011 as a 2012 model-year car. The factory currently being built by VW in Chattanooga, Tenn., will start producing cars in the spring of 2011. Sales of the mid-size sedan will be at least 100,000 units annually at full capacity.

McLaren P1′s Pirelli P Zero Corsas key to performance +video

The new McLaren P1 is shod with custom-made Pirelli P Zero Corsa Tyres specially developed to meet the challenges of a 903bhp supercar. Ron Dennis has already told us that he has driven the P1 round the Top Gear test track at Dunsfold a full 10 seconds quicker than the Pagani Huayra went round, so we know the P1 has huge abilities on tap. But what’s also interesting is that Ron did his Top Gear lap on the P1′s road tyres, specially developed for McLaren by Pirelli, and not on hand-cut slicks like the Pagani Huayra.

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.