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Saab seeks court protection from creditors

Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.

2013 Ford Fiesta production starts

Ford has started to build the new 2013 Fiesta at their plant in Cologne which means the new Fiesta will be in a showroom near you soon. The facelift for the 2013 Fiesta sees the arrival of the ‘Aston Martin’ grill bolted to the front of the new Fiesta – a pitch for the AM Cygnet contract, perhaps – together with new headlights with LED running lights and a bulge up the bonnet. Small changes, but they do make the new Fiesta bolder, even though it loses some of its finesse in the process.

Brief 5 – Sculpting: CDN–GM Interactive Design Competition

The Car Design News and General Motors Interactive Design Competition is now open. It offers you the choice of five briefs, each set by GM's design teams, and entries are invited at http://www.cardesigncontest.com/ Sculpting, the fifth and final brief, is new for this year's running of the design competition. The challenge is to explore automotive sculpting; the fundamental principles of line, form, proportion and scale.