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.

CAR interviews Volvo design vice president Peter Horbury (2010)

By Tim Pollard Motor Industry 04 February 2010 07:00 CAR recently spent some time one-to-one with Peter Horbury, Volvo's new vice president of design. Horbury, who pioneered Volvo's modern look in his previous stint as design boss from 1991 to 2002 spent five and a half years in charge of Ford's North American design studio. But in May 2009, Volvo CEO Stephen Odell asked Horbury to return to the top job in Gothenburg.

Lamborghini Gallardo LP560-4 Spyder revealed

The Lamborghini LP560 has been with us for a few months now, so bang on cue Lamborghini has announced the convertible version – The Lamborghini Gallardo LP560-4 Spyder (what a mouthful – I think we’ll just stick with ‘LP560′). The Spyder version of the original Gallardo was always one of our favourites. It gave away so little to the hard-top version it really made sense to have the convertible – a rare thing with a performance car.