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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.

Watch the sad, final moments of a crusher-bound heap

Automotive wrecking yards are good places to reflect on the real-world values of heavily depreciated vehicles versus global current scrap-metal prices, and to see which cars have suddenly had the fix-it-versus-total-it line moved by insurance companies (the early-21st-century Subaru Legacy Outback, for example, appeared in large numbers in high-turnover wrecking yards just during the last year, as fairly minor collision damage on these cars is no longer worth fixing). You'll see the things that a car's last owner does in a desperate attempt to sell (or at least live with) an increasingly decrepit heap (as we learned in "Repo Man," you really will find a Little Tree in every car). During a recent trip to a San Jose, Calif., yard, I encountered this sad yet strangely compelling scene.

BMW X6 (2015): first photos of the X6 Mk2

By Tim Pollard First Official Pictures 05 June 2014 23:00 BMW has shown its new 2014 X6 crossover - the second-generation of the SUV that puts style over space. The low-slung BMW X6 again uses X5 mechanicals, but wrapped in a squashed, coupe-influenced silhouette. The X6 is a niche product in the UK, selling some 1700 in 2013, around a third of X5 volumes in a good year.