Saab plea for Court Protection dismissed – owes €150 million to creditors

Saab denied Court Protection - there seems no way out We hoped Victor Muller had found a way out of Saab’s financial woes by applying to the Swedish Courts for protection from its creditors while it waited for funds from China to arrive. But the application has hit a brick wall. The district court in Vanersborg said in a statement that there was no reason to believe protection and reorganisation would work for Saab.

New Cadillac ATS to take on BMW 3 Series (+video)

Cadillac ATS - sorted at the Nurburgring GM has revealed that their new compact Cadillac ATS will debut at the Detroit Auto Show in January and go on sale in late 2012 as a 2013 model. The idea, just a few short years ago, that Cadillac could build a car that was capable of making the Germans look over their shoulder would have been laughable. But the new Cadillac ATS – debuting at Detroit in January – could do just that.

In NYC's cab contest, vans aim to be seen

Nissan North America Inc., Ford Motor Co. and a little-known Turkish vehicle manufacturer are in a three-way competition to supply the next generation of taxis to New York City. The winner will snare a large fleet deal: more than 13,000 vehicles delivered over the next three to five years, with a 10-year exclusive agreement from the city.