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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.

Future products: Toyota lineup gets an 18-month makeover

Toyota plans to move into new product segments over the next 18 months, as well as redesign several mainstream models. By the spring of 2012, Toyota will launch all-new versions of the Camry, Yaris, Tacoma and RAV4. Also, the new FT-86 sport coupe, developed with Subaru, should arrive on these shores by that time.

ReLive: Frankfurt motor show 2013

If you missed any of our live coverage of the 2013 IAA Frankfurt motor show, fear not as here is a comprehesive list of the good, the bad, and the ugly (naming no names) from the show: Audi Audi Sport Quattro concept: what is the future of Audi design? Audi turns the world upside-down Photoset: Audi Sport quattro concept BMW What's going on with the i3's IP? Bentley New Bentley stand channels Prada Brabus The 6-wheeled Brabus G-Wagen edition Bugatti Bugatti Veyron 'Pimp My Heritage' edition Citroën Citroën Cactus – The bright future of Interior Design Recline like a goddess Nothing prickly about this Cactus Dacia Honest design bites the dust(er) Infiniti Video: Alfonso Albaisa – The Infiniti Q30 concept Jaguar Jaguar C-X17 concept: Right idea, slightly rushed Photoset: Jaguar C-X17 concept Lexus Lexus LF-NX concept – a blip or jumping the shark?