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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.

Vauxhall Cascada: Official

The new 2013 Vauxhall Cascada – a full size convertible and the modern version of the Astra Twin Top – has been revealed. For some reason best known to Vauxhall, they chose not to debut the Cascada at the Paris Motor Show – perhaps to give the new Adam its moment in the sun – but now we get Vauxhall’s latest model in its revised line-up. The Cascada is a proper full size, four seat convertible – it’s only a couple of inches shorter than a Mercedes E Class Cabriolet – and has its underpinnings based on elements from both the Insignia and Astra and comes with a folding fabric roof instead of the tin-top folding roof in the Twin Top which can be raised and lowered in 17 seconds at speeds of up to 30mph.

Audi to reveal 230hp S1

Audi is expected to reveal a 230hp quattro S1 at the Geneva Motor Show in March. The hot version of its A1 city car will be powered by the turbocharged 2.0-litre engine used in the Audi S3, and come with four-wheel drive as standard. On Bing: see pictures of the Audi S1 Find out how much a used Audi A1 costs on Auto Trader An Audi spokesman would not confirm the rumours, although the S1 is believed to have been spotted undergoing tests in Sweden.