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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.

Mercedes-Benz CLS shooting brake sparkles at Goodwood

Mercedes-Benz used the annual Goodwood Festival of Speed as the backdrop for the premiere of the definitive production version of its stylish new CLS shooting brake in Sussex, England. Set to go on sale across Europe in October, the new sporting wagon was given a production go-ahead by Mercedes boss Dieter Zetsche following positive reaction to the earlier E-class-based ConceptFascination prototype car unveiled at the 2008 Paris motor show and the subsequent CLS shooting brake show car wheeled out at the 2010 Beijing motor show. Sadly, though, there are no plans to sell the new Mercedes-Benz model in North America, owing to what one official described to Autoweek as "the continued aversion to wagons by U.S.

The heartbreak of Jaguar love finally requited

As a young boy in the early 1960s, I would trek solo to our local auto show in Minneapolis, Minnesota. While other boys and their dads would make a beeline to the latest Corvettes and later American muscle cars, I would always head first for the Jaguar stand. I found the combination of different styling, luxurious wood and leather interiors and promise of fast travel through landscapes that were foreign to me to be intoxicating.