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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.

Mercedes CLA: Official

The new Mercedes CLA – the ‘baby’ CLS based on the new A Class – has finally been revealed ahead of going on sale in the UK in May 2013. The very stylish four-door coupe styling based on the new Mercedes A Class has survived almost intact from the Style Concept, offering buyers looking for a smaller Mercedes a real alternative to the CLS without sacrificing anything other than a size. Despite being revealed on the eve of the Detroit Auto Show, the new Mercedes CLA will actually make its public debut at the Berlin Fashion Week this week as Mercedes seek to mark the CLA’s design out as a ‘Style Rebel’.

Audi updates the R8 LMS racer for 2010

By Sam Burnett First Official Pictures 09 March 2010 11:02 Audi has started delivering updated R8 LMS cars to racing teams across Europe ahead of the new season. Built to FIA GT3 spec, the ‘evolution’ cars will be delivered by mid-April 2010. Introduced in 2009, the the R8 LMS won three championship titles and 23 wins out of 73 races in its first year.What has Audi changed on the updated R8 LMS?The updated car includes changes to the chassis and suspension, a new six-speed sequential gearbox and a revised cooling system to improve the car’s performance in high ambient temperatures.