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Saab enters Court Protection – just as we predicted

Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.

VIDEO: Ford test-drives the 2011 Mustang GT500 at Virginia International Raceway

What's it like to drive the 2011 Ford Mustang GT500? Watch this video and get a taste. Ford's Special Vehicle Team engineers recently put this new pony car though its paces at Virginia International Raceway.

Subaru's new supermini

By Tim Pollard Motor Industry 05 January 2007 02:52 Subaru is preparing a rebadged Daihatsu Sirion to slot beneath the Impreza in its range - and the new 'mini could be on sale as early as the end of this year. Toyota, Daihatsu's parent company, bought a 9% shareholding in Subaru's parent company in 2005. So the Daihatsu Sirion 1.0 is an obvious donor car; its £7500 starting price and 57mpg stretch the Subaru range down to a whole new budget marketplace.