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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.

Audi Q5, Skoda Yeti, & Abarth 500 are the UK’s lowest depreciating cars

Audi Q5 - the UK's least depreciating car The key to low-cost motoring has more to do with depreciation than running costs, so pick an Audi Q5, Skoda Yeti or Abarth 500. The difference in residual values of cars after three years can have a huge impact on motoring costs. A £15k car that has strong residual values – like the Audi Q5, Skoda Yeti and Abarth 500, identified as the UK’s lowest depreciating cars by CAP (and published by Auto express) – could be worth as much as £10k after 3 years and 30,000 miles.

Road accident injuries highlighted

THE NUMBER of 20 to 24-year-olds injured in road accidents is nearly twice as high as the national adult average, according to Government statistics. As many as 6.7% of 20 to 24-year-olds said they had been injured in a road accident in the period 2010 to 2012 compared with the all-adult (16 and over) average of 3.8%. The next-worst casualty age range was 25 29-year-olds, of whom 5.8% suffered a road accident injury in 2010-12, while the figure for 30 to 39-year-olds was 5.0%.