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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.

Lotus evolves with moving art

WITH VIDEO -- With five new concepts dotting its stand at the Paris motor show, Lotus demonstrated that it knows a bit about metamorphosis. Now, the automaker has collaborated with French artist Gerard Rancinan and writer Caroline Gaudriault for a moving art display for a VIP event in Los Angeles. Rancinan specializes in art of the human form while Gaudriault is a journalist by trade who has worked in Japan, Australia and France.

Lamborghini concept: third Paris teaser photo

By Ben Pulman First Official Pictures 24 September 2008 16:59 Here we go again. This is Lamborghini’s third teaser image of a concept car it will unveil at the Paris motor show next month. This image comes with the tagline ‘the elegant realisation of technical potential’, but right now we’re wondering how many more pictures Lamborghini can produce before it shows us the whole car.