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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.

Baby Range Rover (2011) to have 2wd, sub 130g/km CO2

By Tim Pollard Motor Industry 10 May 2010 14:55 Land Rover today confirmed that next year's new baby Range Rover – the LRX concept car made real – will be the company's first car to offer front-wheel drive.It's part of the ongoing greening of the Land Rover brand, which risks being left behind by the environmental seachange. Dumping four-wheel drive on entry models will ensure the LRX will emit less than 130g/km of CO2 on the 2.2-litre turbodiesel model.Front wheel drive Land Rovers! Whatever next?'It's quite a departure for the company,' admitted a spokeswoman.

Single-seat Colibri electric vehicle set for 2015 launch

If the 2014 Geneva Motor Show heralded the dawn of a new age of small cars, then the tiny Innovative Mobility Automobile (IMA) Colibri is well placed to take advantage of this new era. The Colibri – which means hummingbird – is a small, single-seat, three-door electric vehicle that’s set to go on sale later this year. Prices for the entry-level Colibri are set to fall well below €10,000 (£8,340) plus battery rental charges, meaning it could go head-to-head with the likes of the new Citroen C1, Peugeot 108 and Toyota Aygo.