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.

Toyota to launch its own version of OnStar

Toyota Motor Sales said today that it is launching a telematics system similar to General Motors' OnStar that will be available on some Lexus and Toyota vehicles in late summer. At the Consumer Electrics Show today in Las Vegas, Toyota detailed its plans for the system, which has different features for each brand. On Toyota vehicles, the system will be called Safety Connect; on Lexus models it will be called Enform.

Mercedes SLS AMG Roadster Configurator Live

The Mercedes SLS AMG Roadster Configurator - while away the hours... This last month, and in particular the last ten days, the Mercedes SLS AMG Roadster has cropped up here on an almost daily basis. We got the first official - but slightly disguised – photos of the SLS Roadster at the beginning of May, but by the end of the month we’d had the real deal of an official reveal with a gallery full of photos of the soft-top SLS.