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Senate committee sends auto-safety bill to the floor for vote

The Senate Commerce Committee voted today to pass a far-reaching vehicle safety bill that has largely won both automaker and consumer support, sending the measure to the full Senate. The bill passed without objections from any senators. The legislation, crafted in the wake of Toyota's safety recalls this year, resembles a House bill that also is now on the floor of that chamber.

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.

Opel/Vauxhall Adam

The Opel/Vauxhall Adam is GM Europe's entry into the premium sub-compact hatchback segment. Following the success of the Citroen DS3, Mini, Audi A1, Fiat 500 et al. it aims to offer an extensively customizable A-segment car with the appeal (and subsequent profitability) of a premium product.