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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.

Do Winter Tyres REALLY work? Oh, yes, say Volvo (+ video)

Volvo prove how effective Winter Tyres are in the Snowdome For some reason, the debate on fitting winter tyres in the UK continues to be a debate, even when those who’ve actually used a car fitted with winter tyres swear by them (an argument not helped by previous government advice). So Volvo – safety conscious as ever – decided to prove the point by taking the very good Volvo V40 off to the Snowdome indoor ski slope in Tamworth to see exactly what difference a set of winter tyres makes to the grip available in a regular, FWD, family Volvo. And the results should make every car owner go out and fit winter tyres.

Latest news on 1000mph Bloodhound record bid

Work is well underway on Britain’s latest land speed record attempt – the new Bloodhound SuperSonic Car (SSC) which aims to reach 1000mph plus. CAR reported on the preparation of the project in October 2008; one year later a mock-up is ready and the car is due to be built in Bristol’s docklands. The Bloodhound SSC houses one EJ200 Raf Euofighter Typhoon engine sitting above a hybrid rocket.