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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.

Hyundai i10 facelift (2011) first official pictures

Hyundai today showed off the new i10 city car - one of the most popular small cars in the UK during last year's scrappage incentive scheme. As well as a cosmetic pick-me-up, the new 2011 Hyundai i10 gains a pair of new engines with stop-start tech for emissions nudging just under the magic 100g/km CO2 mark.  The Hyundai i10 Blue emits 99g/km of carbon dioxide, and the Koreans claim it's the cheapest five-seat car on the market to hit sub 100g/km. Five seats?

CDN–GM/PATAC Interactive Design Competition China winners announced

The winners of the CDN-GM/PATAC Interactive Design Competition China have been announced during Car Design Night at The Waterhouse in Shanghai on April 20, 2013. The inaugural Chinese installment of the popular student design competition has been a huge success, with 1,241 submissions during the five-month process. February saw an amazing number of last-minute entries that ensured a tough decision when the judges, including Brian Nesbitt, vice president of Design at GM International Operations, Michael Simcoe, executive director – Global Design GMIO at Holden, Min Cao, chief designer/Advanced Design director at PATAC, Burt Wong, executive deputy director of PATAC Design Department at PATAC, and Holt Ware, executive Design director at PATAC, met to choose a winner last month.