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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.

U.S. proposes new labels for fuel economy, emissions levels

Consumers shopping for a new car would be able to compare fuel economy and emissions levels across all types of vehicles by looking at revised labels on window stickers under an Obama administration proposal made Monday. Government regulators are seeking public comment on changes to fuel-economy labels that would allow comparisons across electric vehicles, plug-in hybrid electric vehicles, and conventional gasoline and diesel vehicles. The U.S.

Vintage Porsche 911s, 912s and 356s to cross the block Aug. 24

Porschephiles: This is your time to buy, this is your best chance to get in the game, this is your nirvana. On Aug. 24, a collection of nearly 200 squashed Beetles from Stuttgart are going on sale through Anglia Car Auctions in Kings Lynn, England.