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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.

McLaren 650S Sprint (2014): the gentleman racer’s Macca

By Tim Pollard First Official Pictures 11 August 2014 17:59 Visitors to the upmarket Pebble Beach festival this week will witness the world debut of a very special McLaren track-day special: the new 650S Sprint coupe. The clue’s in the name: the Sprint is a track-only version of the 650S, designed for wealthier fans to go on track days and race at junior levels. It slots beneath the full-blown 650S GT3 racer – this is more a My First Track Day Special for wealthy owners after an amateur race-day weapon.

Beattie joins Fisker as prices climb

Fisker Automotive, maker of the luxury hybrid Fisker Karma, has appointed luxury-brands executive Richard Beattie to the newly created position of chief commercial officer. Beattie will be responsible for sales, marketing and customer service for the brand. Beattie comes from a strong run as executive vice president of sales and marketing for Jaguar North America and, before that, for Jaguar Land Rover North America, positions which followed a career at Ford, where he was most recently president and CEO of Mazda’s North American operations.