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Saab plea for Court Protection dismissed – owes €150 million to creditors

Saab denied Court Protection - there seems no way out We hoped Victor Muller had found a way out of Saab’s financial woes by applying to the Swedish Courts for protection from its creditors while it waited for funds from China to arrive. But the application has hit a brick wall. The district court in Vanersborg said in a statement that there was no reason to believe protection and reorganisation would work for Saab.

Porsche seeks ‘everyday magic' with film contest

Porsche North America has tapped into its considerable fan base, seeking homegrown visions for its My Daily Magic filmmaking contest. Aspiring directors made 60-second spots for the brand that show his or her interpretation of “everyday magic.” Of those entries, 10 finalists were chosen to make 90-second commercials that will be voted on by the public, as well as by Porsche brass. One film shows a father that has to run some errands on a weekday.

Chrysler's heavy-duty Ram pickups are on the way to dealers

Chrysler's Ram line of 2010 heavy-duty pickups, the first new vehicles to debut since the automaker emerged from bankruptcy in June, will begin arriving in dealerships within three weeks. They are also the first products launched under the new Ram brand since Chrysler Group CEO Sergio Marchionne split the Dodge car and Dodge Ram truck lines. The brands are now run as separate businesses, with their own profit and loss accountability.