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Swedish court rejects Saab creditor-protection plea; Saab will appeal
Thu, 08 Sep 2011A 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.
Mercedes B Class F-Cell Hydrogen launched
Fri, 28 Aug 2009Mercedes has announced the Hydrogen-Powered B-Class F-Cell The B Class F-Cell will go in to limited production later this year, and be leased to 200 customers in Europe and the US. The electric motor on the F-Cell is reckoned to be comparable to a 2.0 litre petrol car, but can manage the equivalent of 86.6 mpg. But it doesn’t suffer from the drawbacks of plug-in electric cars, taking just 3 minutes to refuel.
New Jaguar XJ snapped at the Nurburgring
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