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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.

Lexus ends production of LFA supercar (2012)

The final example of Lexus's carbonfibre supercar – the LFA – has rolled off the company's Motomachi production line in Japan, bringing to an end a seven-year journey from the initial concept model, and two years of LFA production. It's surely the longest gestation and shortest lifecycle of any car in recent memory. That final Lexus LFA will be worth a few bob in years to come then...

Skoda trio voted 'best in Britain'

BRITISH drivers are happier with their cars than ever before, especially if they own a Skoda. According to new figures collected by Auto Express magazine's annual Driver Power survey, the average satisfaction rating for a car in the top 100 was a huge 88.36%, which equates to a 7% rise since the survey’s launch in 2002. Steve Fowler, editor-in-chief of Auto Express, said: “The UK car market is booming at the moment with over two years of consecutive growth and new car registrations up 3%, and it is no surprise given the Driver Power results.