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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.

Tata Indica Vista EV (2011): first official pictures

Tata’s new Indica Vista EV will be built in the UK, and these are the first official pictures of Tata's new electric car. The Vista EV (electric vehicle) will be fully launched in summer 2012. But, between now and the end of March 2011, the company will supply 25 Vista EVs for folk working in and around the West Midlands as part of a 12-month trial.

L’argus Student Competition 2009

French magazine L'argus de l'automobile has announced the winners of its seventh Student Competition Awards, themed ‘Automobile Design for Social Utility'. Open to students studying design within the European Union and Switzerland, the competition culminated at a recent awards ceremony at the Eiffel Tower. The first prize of €3000 and an internship at Renault's Technocentre in Guyancourt (near Paris) went to Damien Grossemy, Thibaut Dereymacker and Maxime Dimarco from the Institut Supérieur de Design in Valenciennes, France.