Chevrolet Monte Carlo Steering Wheel Horn Pad on 2040-parts.com

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.

Hydrogen-powered Toyota FCV Concept revealed

  The Hydrogen-powered Toyota FCV Concept (pictured) revealed Toyota revealed last month that their latest take on a hydrogen-powered car would be revealed at this year’s Tokyo Motor Show. And here it is – the Toyota FCV Concept. The FCV Concept points clearly at Toyota’s first proper production fuel cell car – expected to hit Toyota showrooms in 2015 – and Toyota are keen we realise that, subject to a refuelling infrastructure, the hydrogen-powered FCV is just like owning a regular ICE car.

BMW M7 coming after all?

Despite BMW’s stating they will never make an M7, BMW’s American boss Ludwig Willisch says it will happen. Three years ago the BMW ‘M’ anoraks got excited when they thought BMW was about to produce a range-topping M7, but it turned out the photos that elicited their excitement were simply a 7 Series with an M Sport pack bolted on. In answer to the M-anorak’s disappointment BMW pointed out – very sensibly in our view – that the market for an M7 would be tiny and that you could already have a 760i M Sport with a stunning V12 and 0-62mph in 4.5 seconds.