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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.

New York Auto Show 2008 blog

By Liz Turner Motor Shows 21 March 2008 12:11 In the early 1970s, muscle cars hit the wall of emissions regulations and disappeared for decades. At the New York Auto Show, there was a sense of déjà vu. Dodge had its Challengers, Pontiac launched its G8 GXP and Sport Truck and Chevrolet, although still waiting for the Camaro had the Corvette ZR1.

Mercedes SLK (2011/2012) ‘Magic Roof’ Spy Photos

The Mercedes SLK Magic Roof 'Official' Spy Photo Regular readers may remember that in the run-up to the reveal of the Mercedes SLS we had ‘official’ spy photos – and even an official ‘spy’ video – of the Mercedes SLS. Which Mercedes obviously felt played well with the Interweb and our lust for news as they’re at it again with the 2011 / 2012 Mercedes SLK. We thought the tease for the next SLK had started early when Mercedes sent us the first teaser picture at the start of the month.