Nos 70-80 Gm Camaro Chevelle Corvette Park & Side Marker Lamp Nuts on 2040-parts.com

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.

Saab 'developing diesel hybrids' to rival PSA's

Saab has been caught testing a 9-3 with a diesel hybrid engine, according to press reports in Sweden. It seems that France's PSA won't have the diesel-hybrid market all to itself. A reporter from Automobil magazine spotted a 9-3 prototype refuelling at a petrol station in Trollhattan as he returned a test car to the factory.

Fourth annual World Automotive Design Competition winners announced

The fourth annual World Automotive Design Competition was hosted by the Canadian International Auto Show in Toronto, Ontario, on February 17. Students were asked to design a world car that has universal appeal. Christophe Charbault, a design student from the Ecole de design at the Universite de Montreal, won the first prize of US $10,000.