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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.

Chevrolet Orlando MPV Paris debut

The Chevrolet Orlando MPV (left) seems a bit bland after the concept (right) Chevrolet first penned the idea of the Chevrolet Orlando with a concept in 2008 (which you can see on the right in the picture above). That has now turned in to the production Orlando which will debut at the Paris Motor Show in October, but it does seem to have lost something in the process of going from concept to production. Quelle surprise (well, it is the Paris Motor Show).

New car sales still accelerating

NEW CAR SALES raced ahead again last month, according to official figures. A total of 72,163 new vehicles were registered in August 2014 - a 9.4% rise on August 2013 and the 30th consecutive month of growth, the Society of Motor Manufacturers and Traders (SMMT) said. Last month's figure took the year-to-date total to more than 1.53 million - a 10.1% rise on the total for the first eight months of 2013.