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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.

Five Minutes of The Monterey Motorsports Reunion

Producer Harry Pallenberg is almost done with his historical race track DVD “Where They Raced,” which ghost-hunts all the great race tracks of Southern California, from Beverly Hills board tracks, to Gilmore Stadium to Ascot and Lions drag strip. It should be pretty good when it's done, but it's not done yet. “I am having some issues clearing some of the footage,” Pallenberg said.

Winners of Kia 'My Style, My Design' Chinese design contest announced

The winners of Kia's ‘My Style, My Design' design competition have been announced at a ceremony at Beijing's Yue Art Museum. This second annual event saw the number of universities involved rise from 40 to 86 with over 500 projects submitted which the organizing committee whittled down to just 30 finalists. Shangdong Transportation College student Du Wenchang's 'Honglin' project was presented with the award for first place by Seon-Ho Youn, vice president of Kia Design Center.