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Chevy, Michigan Tech unveil a different kind of racer

At the 113th Army-Navy Game on Dec. 8, Chevrolet and students from Michigan Technological University unveiled a new hand cycle designed to make it easier for wounded vets to compete in racing events, including marathons. General Motors CEO Dan Akerson said GM will build 10 prototypes for use by the Achilles Freedom Team of Wounded Veterans in marathons across the country.

Chrysler may use Fiat engine system in some U.S. models

The Chrysler Group may incorporate Fiat's new MultiAir fuel-saving technology in some gasoline engines, Fiat sources say. Fiat S.p.A. considers the variable valve timing system a breakthrough.

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.