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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.

McLaren employees killed in crash

TWO MCLAREN EMPLOYEES were killed when the sports car they were travelling in crashed near to the Formula 1 giant's technology centre. The staff members, who were in a blue Subaru Impreza, were pronounced dead at the scene following a collision with a Ford Transit van on the A320 in Ottershaw, Surrey, at 12.10pm yesterday. A man in his 60s who was driving the van was taken to St George's Hospital in Tooting with serious injuries, Surrey Police said.

2011 / 2012 Saab 9-5 SportCombi spied undisguised

Saab 9-5 SportCombi spotted near Trollhattan From a flurry of activity when Spyker finally got hold of Saab from GM nearly a year ago, news from Trollhattan has not been exactly flowing out in an endless stream. And good news hasn’t really been the keynote for the first year of Spyker’s ownership of Sweden’s second favourite car maker. The new Saab 9-5 – although well received in terms of design and equipment – was a bit of a let-down in terms of dynamics and comfort.